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Indra Tecnocom

Spanish economy 11th March 2024

Indra to carry out temporary share buyback programme worth €16.5 million from today until 19 April

Link Securities| Indra’s Board of Directors informed the CNMV that it has agreed to carry out a Temporary Share Buyback Programme, with the following characteristics: – The purpose of the Programme is to enable Indra to comply with the obligations to deliver shares to its executives and employees arising from the remuneration system in force. – The Programme will affect a maximum of 854,000 shares, representing 0.48% of the share…

Avangrid

World economy 8th March 2024

Iberdrola launches takeover bid to acquire 100% of US subsidiary Avangrid

Iberdrola has decided to launch a takeover bid to acquire the 18.4% stake in Avangrid, its subsidiary in the United States, which it does not yet own, for some $2,486 million, as announced to the CNMV (Spanish Securities and Exchange Commission). IBE is offering a cash price of $34.25 per share, representing an implied premium of approximately 10% over the volume-weighted average share price (VWAP) of the shares during the…

Talgo

Spanish economy 7th March 2024

Government, suspecting Russian interest, to use ‘anti-takeover shield’ to stop Hungarian takeover of Talgo

The Minister of Transport, Óscar Puente, yesterday revealed his intention to do “everything possible” to reject the Hungarian takeover bid for Talgo, and made it clear yesterday that the Government will play the ‘anti-opposition shield’ card to prevent the entry of the Hungarian group Magyar Vagon (Ganz-MaVag) in the train manufacturer Talgo as it doubts the origin of the funds that will finance the operation, valued at more than €600…

unicaja

Relevant News Item 4th March 2024

Unicaja launches €100m share buyback programme

Link Securities | Unicaja (UNI) has informed the National Securities Market Commission (CNMV) that, once it has obtained the relevant authorisation from the European Central Bank, it will carry out a programme to buy back its own shares, in accordance with the resolutions adopted by the Ordinary General Shareholders’ Meeting held on 31 March 2021 and by the Board of Directors. The Repurchase Programme will have the following characteristics: 1….

VIdrala

European economy 29th February 2024

Vidrala sells Italian subsidiary to Veralia for €230m to reduce debt

Intermoney| Vidrala (Hold, PO 94) yesterday informed the National Securities Market Commission (CNMV) that it has reached an agreement with Veralia for the sale of its Italian subsidiary for €230mn (7x EBITDA) of which 100% would be cash for Vidrala, obtaining capital gains of €100mn. Vidrala Italia achieved sales of €131mn in 2023 (8% of Vidrala’s total) and EBITDA of €33mn (mgn 25%). Approval is pending from the Italian competition…

Neinor nuevo

Relevant News Item 27th February 2024

Neinor Homes share capital set at €615.49 M and 74.96 M ordinary shares with a par value of €8.21 each

Link Securities | The socimi informed the CNMV that on February 21, 2024, the public deed to reduce its share capital by €39.73 million by reducing the par value of the company’s shares by €0.53 was registered in the Vizcaya Mercantile Registry. As a result, the share capital of Neinor Homes has been set at €615.49 million divided into 74.96 ordinary shares with a par value of €8.21 each, which…

grifols edificio

Spanish economy 23rd February 2024

Grifols believes new attack by Gotham aimed solely at destabilising stock and creating doubts among investors

Link Securities | The company sent a Significant Event to the National Securities Market Commission (CNMV) in which it stated that it once again categorically refutes Gotham’s malicious, false and misleading insinuations which have the sole aim of destabilising Grifols and provoking doubts among institutional investors. Grifols stated that it has already answered each of their malicious and misleading questions. Grifols’ Board of Directors continues to reiterate its strong commitment…

Talgo

Spanish economy 14th February 2024

Talgo confirms possible takeover bid talks at €5/share: recommendation from Buy to Sell

Hungarian consortium Ganz-MaVag Europe Zrt. (Magyar Vagon) confirmed on Friday that it is holding talks and negotiations for a possible takeover bid for 100% of Talgo (TLGO) at €5/share without an agreement having been reached yet. The talks focus on the financing of Talgo (TLGO) subject to change of control. As the National Securities Market Commission (CNMV) does not allow the offer to be made subject to the condition of…

Talgo

Relevant News Item 9th February 2024

Hungarian company Magyar Vagon prepares €632 million takeover bid for Talgo

When it rose more than 9% on the stock market, the National Securities Market Commission (CNMV) yesterday suspended the listing of the Spanish train manufacturer controlled by Trilantic after four months waiting for the industrial investor, Magyar Vagon, linked to the Government of Viktor Orban, to launch the takeover bid for it. The cash takeover bid for 100% of Talgo consists of a payment of €5 per share, which is…

acerinox industria acero

Spanish economy 7th February 2024

Acerinox buys 100% of American company Haynes International for $798 M

Acerinox has informed the National Securities Market Commission (CNMV) that it has reached an agreement to acquire 100% of the American company, Haynes International, which specialises in high-performance alloys. Haynes market consensus expects company sales in 2024 of $649 million and EBITDA of $96 million. The expected synergies amount to $71 million. The price amounts to $798 million (30% of Acerinox’s market capitalisation), equivalent to an enterprise value of $970…