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Spanish economy

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…

bbva sabadell fusion 2

Spanish economy 12th December 2024

BBVA says competition authorities only identify three issues needing further work in second phase of Sabadell takeover bid

Alphavalue/ Divacons | Peio Belausteguigoitia, BBVA’s country manager in Spain, said that having bigger and stronger banks is beneficial for customers, shareholders and employees. During his speech at the 2nd Prensa Ibérica Financial Forum, he stressed that the transaction with Banco de Sabadell has great potential for value creation and will allow the integration of an entity with greater capacity to offer better products and services to customers. Regarding the…

Eurozona IPC

Spanish economy 28th November 2024

Spain’s CPI growth rebounds to 2.4% year-on-year in November from 1.8% in October

Santiago Martínez Morando, Head of Economic and Financial Analysis at Ibercaja | According to preliminary data, CPI growth rebounded in Spain to 2.4% year-on-year in November from 1.8% in October and the low of 1.5% reached in September, which was the lowest level since March 2021. The CPI is still very much determined by the volatility of energy prices, and the National Statistics Institute (INE) points to the acceleration being…

grifols blood bags

Spanish economy 28th November 2024

Grifols plummets on stock market after Brookfield abandons €6.5 billion takeover bid

The Canadian fund Brookfield has decided to withdraw its interest in a public exclusion offer to acquire Grifols due to disagreements over the price with the board of directors of the Spanish pharmaceutical company, as previously reported by Bloomberg. “After conducting a thorough due diligence and considering the reactions of the Grifols Transaction Committee and the Grifols Board of Directors regarding the potential offer communicated to the market on November…

OHLA azulito

Spanish economy 20th November 2024

More than 93% of OHLA debt bondholders support recapitalisation plan

Alphavalue / Divacons | The construction company received the backing of more than 93% of its debt bondholders to implement the group’s recapitalisation plan, which aims to improve its financial situation, ensure the sustainability of its debt by progressively reducing its indebtedness and strengthen its capital structure. The construction company informed the Spanish National Securities Market Commission (CNMV) yesterday that, with this level of adhesions, it has ‘sufficient majority’ to…

banco sabadell

Spanish economy 18th November 2024

Banco Sabadell minority shareholders appear in file opened by CNMC on BBVA takeover bid

Alphavalue / Divacons | The Association of Minority Shareholders of Banco Sabadell (Aambs) requested to be considered an interested party in the file opened by the National Markets and Competition Commission (CNMC) in relation to the takeover bid that BBVA wants to launch on the bank. The association has invoked the antitrust regulations to protect its right to be considered an interested party, as it is an entity that represents…

grifols edificio

Spanish economy 18th November 2024

Brookfield closes refinancing of Grifols debt for €11,000 million with Deutsche Bank and Banco Santander

Link Securities | The Canadian private equity fund Brookfield has taken a definitive step to take control of GRIFOLS (GRF) through a takeover bid for 65% of the capital, as reported on Thursday by the newspaper ElConfidencial. According to sources close to the operation, the fund closed with Deutsche Bank and Banco Santander (SAN) the refinancing of the company’s debt of €11,000 million, the largest syndicated loan signed in Spain….

InmoColonial

Spanish economy 15th November 2024

Colonial to consider investment strategy and location of activities if tax regime for REITs withdrawn

Link Securities | The company has officially responded to the Government’s proposal to withdraw the tax regime for REITs, the newspaper elEconomista.es reported yesterday. According to Juan José Brugera, Chairman of the company, “the changes that some are proposing are very serious. The REITs regime is nothing more than the adaptation to the Spanish case of the rules established in international markets. These types of modifications turn the Spanish market…

grifols edificio

Spanish economy 15th November 2024

Brookfield obtains funds to refinance Grifols’ near €10,000 million debt

Bankinter | The Brookfield fund has agreed a syndicated loan for €11,000M with Santander and Deutsche Bank to finance Grifols’ €9,850 million of gross financial debt (and €9,200 million of net debt) Analysis team’s opinion: Positive news that improves the prospects for Brookfield to present the takeover bid for Grifols that it has been studying since July. The funds from the syndicated loan will be used to refinance the current…