Intermoney | CAF (Buy P.O. €42) informed the National Securities Market Commission (CNMV) on Monday that it had reached an agreement with Metro Madrid, for the supply of the first of the two lots that make up the operator’s investment in the renewal and expansion of its fleet. The contract consists of 40 single-voltage gauge trains for lines 6 and 8 of the network and is worth around €400 million….
Spain received 38.7 million passengers in the first five months of the year, which is 13.6% more than in the same period of 2023, according to data published today by Turespaña, which highlights the good performance of distant markets such as Canada, China and Chile, with increases of more than 35% in the month of May. In the fifth month of the year, the good trend of the beginning has…
Oriol Aspachs (Caixabank Research) | The objective has been identified and diagnosed for some time, but it is difficult to achieve. It requires patience, public and private resources, and determination and cooperation between the different institutions and agents involved, precisely because the challenge is enormous. The Spanish economy is growing dynamically, but it is difficult to sustain in the medium term. To a large extent, it is sustained to a…
IAG’s latest proposal to take over Air Europa, submitted to the European Commission on 10 June, has increased from 40% to 52% the Air Europa capacity it would cede to other airlines (remedies) to meet the requirements of the Directorate General for Competition. The increased remedies package is the final one before the verdict of the EU authorities. It is a response to the objections report delivered by the Directorate…
Link Securities | As reported by the Bolsamania.com portal, Iberdrola (IBE) and Eroski have reached an agreement to install 1,000 charging points of different power ratings for electric vehicles at around 300 of the distribution group’s sites in 11 autonomous communities over the next three years. The new facilities will use 100% green energy, from renewable sources with a guarantee of origin certificate, and will save 30,000 tonnes of CO2…
Norbolsa | Proxy ISS has recommended that large international funds to vote in favour of the capital increase that will be needed to execute the transaction. These investors include Black Rock with 5.91%, Capital Group with 5.02%, Varguard 4.95%, Norges 3.13%, JP Morgan 1.42% and Goldman Sachs with 1.35%. The meeting will be held on 5 July and will decide on the issue of 1.13 billion shares. ISS believes the…
In recent weeks CriteriaCaixa, the investment arm of la Caixa, has entered Puig, ACS and Colonial, increased its stake in Telefónica and exited Cellnex, while awaiting the outcome of Naturgy. These corporate operations are a sign of the change of cycle in which CriteruaCaixa is immersed, which yesterday presented its strategic plan until 2030. Its main objectives are to increase the gross value of its assets by 48% to 40,000…
The trade deficit reached €12,760.9 million in the first four months of the year, an increase of 16.7% compared to the same period last year, despite the fact that exports in this period recorded the second best figure in the historical series, with €127,420 million, although they fell by 3.5% in the last year, as reported on Monday by the Ministry of Economy, Trade and Enterprise. Imports totalled €140,181 million…
Intermoney | Ferrovial (Hold, PO 32) announced last Friday, before the market close, that the Group, together with other Heathrow shareholders (accompanying shareholders), has reached an agreement to sell part of its stakes to the PIF and Ardian funds. Specifically, these two entities will acquire 37% of the London airport in exchange for £3,259 million, or some €3,880 million. Ferrovial will thus sell almost 20% of Heathrow’s capital for around…
The Bank of Spain (BdE) reported on Friday that the debt of all public administrations in Spain rose in 1Q2024 to 109% of the country’s Gross Domestic Product (GDP), 1.3 percentage points above the close of 2023, while the amount of Spanish public debt set a new record at €1.613 trillion, with record indebtedness of the State and the autonomous regions. The Bank of Spain, which thus confirmed the 1Q2024…