Spanish stocks - Factors to watch on Dec 2

Almirall

02/12/2025 07:32

Dec 2 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

TECNICAS REUNIDAS TRE.MC

Tecnicas Reunidas repaid on Monday the remaining 271 million euros of the SEPI loan.

REIG JOFRE RJFE.MC

Reig Jofre increases its stake in Leanbio to 85% from 47% for 3.5 million euros, with remaining 15% of the company remaining in hands of founding team and specialized investors.

ALMIRALL ALM.MC

Almirall to issue senior notes worth 250 million euros to mature in 2031, guaranteed by Almirall subsidiaries.

TELEFONICA TEF.MC

Telefonica's initial proposal would make 5,040 of the 6,088 planned job cuts (82%) early retirements for employees aged 55 and over, Spanish newspaper Cinco Dias reported on Tuesday.

Spanish newspaper Expansion says UGT union deems the offer insufficient, warning Telefonica could still impose compulsory layoffs if too few workers opt for early retirement.

BANCO SANTANDER SAN.MC

Spain's Santander SAN.MC sold an around 3.5% stake in its Polish subsidiary Santander Polska SPL1.WA through an accelerated bookbuild for around $473 million, the lender said on Tuesday.

Its stake falls to 58.7% and will drop to about 9.7% after a planned 49% sale to Erste Group.

BANKINTER BKT.MC

J.P. Morgan raises to overweight from underweight; raises target price to 17 euros from 12.7 euros.

NATURGY NTGY.MC

J.P. Morgan raises its target price to 26.7 euros from 25 euros.

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($1 = 3.6423 zlotys)

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