Top Stories

In Spain

Espana Bandera Mapa 1

In Spain 19th December 2024

Spain increases public debt by 3.4% annually (55 billion) to raise GDP by 3%

According to data from the Bank of Spain (BdE), the total debt of the Spanish Public Administrations closed October at €1,628,243 million, €7,873 million less than in September. In relation to October 2023, the debt increased by €54,954 million. The majority of the debt was concentrated in the State, with €1,480,032 million, €10,067 million less than a month earlier. Meanwhile, the debt of the Autonomous Communities closed October at €334,210…

banco sabadell

Spanish economy 19th December 2024

Sabadell complies with BdE’s minimum requirements for own funds and eligible and subordinate liabilities

Link Securities | Banco Sabadell (SAB) has been notified by the Bank of Spain (BoE) of the decision adopted by the Single Resolution Board (SRB) on the determination of the minimum requirement for own funds and eligible liabilities (MREL) and the subordination requirement on a consolidated basis applicable to it. The requirements to be met, with immediate effect, are as follows: The minimum MREL requirement is 22.14% of the total…

Repsol's bet on alternative energies

In Spain 18th December 2024

Spain: PNV refuses to support extraordinary tax on energy companies

Reconciling the support of center-right nationalist parties, such as the Basque Nationalist Party (PNV) or Junts per Catalunya (the party of the fugitive Puigdemont), with that of extreme left parties (Podemos, Sumar…) was possible a year ago, to elevate Pedro Sánchez to the presidency of the Government despite having lost the elections. Spain has never had a weaker government, more willing to stay in power by making the necessary concessions…

indra

In Spain 18th December 2024

Indra showcases capabilities of state-of-the-art Cyber Situational Awareness System

Link Securities | The company, invited by NATO’s Allied Command Transformation (ACT), demonstrated at one of the world’s largest collective cyber defence exercises, the Cyber Coalition 2024 held in Estonia from 2-6 December, the concept and capabilities of a new state-of-the-art Cyber Situational Awareness System, digital portal Bolsamania.com reported yesterday. The platform (called CySAS, Cyber Situational Awareness System) provides a real-time view of operations being conducted in and through cyberspace…

bbva sabadell fusion 2

In Spain 17th December 2024

Andrea Orcel’s Bicycle and the BBVA-Sabadell Confusion

Aurelio Medel (5 Días) | The head of Unicredit accelerates acquisitions to maintain profit growth and attempt to lead European consolidation. Andrea Orcel took over Unicredit with the stock below 10 euros and has driven it above 40. However, shares of the second Italian bank began to show signs of fatigue in the summer, and not only because it has already quadrupled its value. It is also due to the…

real estate madrid

In Spain 17th December 2024

Spain: house purchases reach 69,418 transactions in October, highest figure since May 2007

According to the figures released yesterday by the National Institute of Statistics (INE), the sale and purchase of homes increased in October by 51.3% year-on-year, reaching a total of 69,418 transactions, the highest figure since May 2007, when over 75,000 sales were recorded. In October, transactions for new homes increased by 83.4% year-on-year, reaching 16,224 transactions, while those for used homes rose by 43.6%, totaling 53,194 transactions. 92.4% of the…

Corporacion alba

Spanish economy 17th December 2024

Corporación Financiera Alba’s delisting offer exceeds company’s 2007 all-time high of €60.70

Alphavalue / Divacons | As we highlighted on Friday, the March family agreed to delist the Spanish holding company through a takeover bid at a price of €84.20/share in cash, which represents a premium of 79.5% over the closing price of €46.9/share. This offer exceeds the all-time high reached in 2007 (€60.70). The takeover bid will be presented by the company together with Carlos March Delgado and his company Son…

amper. def

Spanish economy 16th December 2024

Amper acquires 100% of Navacel, specialists in offshore wind energy steel structures, for €23.8 million

Renta 4 | The company has acquired 100% of the share capital of Navacel Process Industries, a company specialising in the design, manufacture and assembly of metal structures for offshore wind energy in Biscay. The purchase price is €23.8 million and Amper will pay €12 million in cash and the remaining €11.8 million through the issue of new Amper shares to be subscribed by Navacel companies. The new Amper shares…

ferrovial carretera

In Spain 16th December 2024

Ferrovial increases buyback programme to €600 million and extends duration until 30 May 2025

Link Securities | Ferrovial (FER) has announced to the National Securities Market Commission (CNMV) that, in accordance with the authorisation granted by the General Meeting of the company held on 11 April 2024 under agenda item 8, it has agreed (i) to extend the duration of the current Share Buyback Programme until 30 May 2025 (inclusive), and (ii) to increase the maximum amount of investment under the Programme by €300,000,000,…

aena

In Spain 15th December 2024

Aena: number of passengers at Spanish airports grows 9.2% year-on-year to 21.6 million in November

Bankinter: Aena’s airports registered 21.6 million passengers in November, which is up 9.2% compared to November 2023. It accumulates an increase of 9.4% so far this year (vs. 9.4% previously). Analysis team’s opinion: Good news for Aena. Airport traffic continues to break historical records month after month and will most likely end the year slightly above our estimates (306M passengers; up 8% on 2023 figures). However, the good prospects are…