Grifols now operates 344 plasma centers worldwide: 289 in the U.S. and 55 in Europe across Germany, Austria and, recently Hungary. The 25 centers acquired from BPL are authorized by the U.S. Food and Drug Administration (FDA) and the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA).
Spain may face a surprise problem if Draghi’s government remains for long as, in the eyes of many, we may become the focus of Europe’s problems. In recent years, our authorities have taken a rather conciliatory tone to Brussels, which has made it possible to dilute the fact that we have not fulfilled our commitments, especially when the belligerence of the Northern League’s government made us look like a good pupil. The former head of the ECB knows well how to handle the Community bodies and, above all, the mechanisms to generate a good image in the eyes of the markets.
Telefónica’s board of directors has cut the dividend payable in 2021, which will now be made in two payments of 0.15 eur/share in June and December (previously 0.20 eur/share), while the “scrip” option is maintained. The first payment of 0.15 eur/share will be in December 2021. Telefónica’s Executive Chairman, José María Álvarez-Pallete, has defended the reduction of the company’s dividend, which he considers to be an appropriate price as it maintains a very high dividend yield compared to the Ibex and the sector as a whole.
The experts of Spain’s Ministry of Finance (Gestha) indicate that tax havens cause a “hole” in the public coffers of 14% of the annual income that is obtained by the corporate income tax, so they estimate that during the last decade 45,000 million euros have been lost in Spain. In view of these figures, the economists see as “disappointing” the update that the EU has just made of its ‘black list’, since the countries that allow elusive practices of many multinationals have been excluded.
The Government will approve in the coming weeks to earmark €11 Bn in subsidies for companies, SMEs and the self-employed in sectors particularly affected by the economic crisis, such as tourism, hotels, restaurants and small businesses. The aid plan could include haircuts on the financing provided by the Official Credit Institute ICO, which has offered €140 Bn in guarantees. The employers’ associations from the retail and hotel and catering sectors had demanded €12.5 Bn in aid from the different administrations in order to save both industries.
Repsol has licensed its technology for propylene oxide (PO) and styrene monomer (SM) and polyols so that a 200,000 tons/year PO and 450,000 tons/year SM plant can be built, and two plants with an aggregate production capacity of 125,000 tons/year of flexible polyether polyols (PPG) and polymeric polyols (POP). This agreement is in addition to the three previous technology licensing agreements reached by Repsol with Chinese companies since 2013.
The main Spanish hotel companies are concerned about the limited number of bookings for Easter, although they are confident that demand will be reactivated if the vaccination process is accelerated, which would make it possible to have a summer season at least better than that of 2020. With the hopes of reaching a certain level of normality in the second half of 2021- yesterday the “irreversible” UK de-escalation process plan boost tourism stocks- Spain continues to lead the ranking of preferred destinations for travel.
Acciona expects the IPO to take place this year, market conditions permitting. The perimeter of the new company would include the entire Energy business, excluding the company’s stake in wind turbine manufacturer Nordex. The size and structure of the transaction is yet to be defined, but the free float would at least be 25% of the capital of the new listed company.
Morgan Stanley | Spectrum auctions are a key issue for investors in the telecommunications industry, which can act as a negative catalyst for their share price given the high prices we have seen in previous auctions in Italy, Germany and the US. In Spain, there are 3 auctions on the radar. The first is the 3.5GHz – 20MHz band available. This is taking place today, involving Telefónica and Orange, at an estimated price of €21 million per 10MHz block.
Biosearch is a small Spanish biotech company based in Granada, specialising in the research, development and sale of functional ingredients (natural extracts, omega-3 and probiotics) for the nutrition and healthcare markets. The company’s triple positioning in those growing markets has enabled the company to weather the Covid crisis and captured the attention of the giant Kerry Group. Its Spanish subsidiary has made an offer for 100% of Biosearch at 2.2/share, which means a premium of 45.7%