Spanish stocks - Factors to watch on Feb 6

Reuters
Feb 06
Spanish stocks - Factors to watch on Feb 6

Feb 6 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

BANCO SABADELL SABE.MC

Sabadell said on Friday its fourth-quarter net profit fell 27.4% year-on-year due to lower lending income as the focus shifts towards its standalone strategy following BBVA's failed bid.

Also, the company said on Thursday its board agreed to appoint Marc Armengol as new CEO.

TELEFONICA TEF.MC

Telefonica said on Thursday it has completed the transaction of 67.5% stake in Colombia Telecomunicaciones to Millicom Colombia.

REPSOL REP.MC

About 2 million barrels of Venezuelan heavy crude are being sent to Repsol-owned refineries in Spain, after purchases the company negotiated with trading house Trafigura, according to shipping schedules seen by Reuters on Thursday.

BERKELEY ENERGIA BKY.AX

Australian mining group Berkeley Energia said on Friday it filed a claim at the World Bank's arbitration tribunal seeking about $1.25 billion from Spain, as it presses its case over the blocked Salamanca uranium project.

INDRA IDR.MC, ESCRIBANO MECHANICAL & ENGINEERING

The Spanish government proposes to Indra to acquire a 51% stake in Escribano Mechanical & Engineering rather than execute a full merger, aiming to prevent the Escribano brothers from gaining a shareholding close to that of state-owned SEPI, Spanish newspaper Cinco Dias said on Thursday quoting sources with knowledge of the matter.

OBRASCON HUARTE LAIN OHLA.MC, ALANTRA PARTNERS ALNTA.MC

OHLA has hired Alantra to refinance about 55 million euros ($64.86 million) in debt tied to the Centro Canalejas parking and retail gallery in Madrid and is seeking an additional 10 million euros for a planned wellness upgrade, Spanish newspaper Expansion said on Friday.

Also, Adif has awarded emergency contracts to OHLA’s Guinovart unit to repair the high‑speed rail line near Adamuz after the 19 January crash, for its renovation and maintenance, Spanish newspaper elEconomista reported on Friday.

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($1 = 0.8480 euros)

(Gdansk Newsroom; Gdansk.newsroom@thomsonreuters.com+48 58 769 66 00)

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