Renta 4 | Naturgy (NTGY) has hired Santander and BofA to close the sale of its assets in Chile, press reports said. According to El Confidencial, the sale involves the company’s gas distribution assets in Chile and is for a total of 5 billion euros. Colombian group Promigas is the main candidate for the acquisition.  Valuation: In the event the deal is confirmed, the price would be equivalent to 22x EV/Ebitda….

Alphavalue | Banco Sabadell (SAB) is mulling putting its Barcelona corporate headquarters (Torre Sabadell) on the market for over 100 million euros. The building is located in the intersection of Avenida Diagonal and Calle Balmes. Meanwhile, on Thursday December 2nd, the bank will inform employees who have asked to leave the entity whether their request to be part of the ERE has been accepted or not. That said, their leaving…

Inflation rose by 5.6% in November compared to last year, two tenths of a percentage point higher than in October, and its highest level since September 1992. The preliminary data, published on Monday by the National Statistics Institute (INE), mark new annual highs for inflation in Spain, which has risen without interruption since March. The agency blames the rise on increases in food prices and, to a lesser extent, in…

Bankinter | US asset manager Wellington has raised its stake to 5.1% from 3% in Almirall. It is now the second largest shareholder in the Spanish pharmaceutical firm, after the Gallardo family (59.7%). Bankinter analysts’ view: The stock price has suffered a decline since the presentation of Q3 results, so this is an opportunity to take positions at a very attractive level. Our recommendation is to follow this strategy. In…

The bankruptcy moratorium is extended until 30 June 2022. The Government extends the hibernation of the duty to apply for insolvency proceedings in insolvency situations from the end of 2021 until June 2022. It also extends the ICO guarantee lines, the company recapitalisation funds managed by SEPI and COFIDES until 30 June 2022 and extends the prior authorisation regime for certain foreign investments until 31 December 2022. Yesterday’s Council of…