Spanish stocks - Factors to watch on December 15

Corporacion Financiera Alba SA

15/12/2021 07:29

Dec 15 (Reuters) - The following Spanish stocks may be
affected by newspaper reports and other factors on Wednesday.
Reuters has not verified the newspaper reports, and cannot vouch
for their accuracy:
    
    INDITEX  ITX.MC  
    The world's biggest fashion retailer Inditex  ITX.MC 
cemented its recovery to pre-pandemic levels on Wednesday,
posting a net profit of 2.5 billion euros ($2.82 billion) in the
first nine months of its fiscal year, 273% more than in the same
period a year ago, as shoppers massively returned to their
former habits.  urn:newsml:reuters.com:*:nL8N2T00XQ urn:newsml:reuters.com:*:nS8N2R704U
    
    INDRA  IDR.MC , ALBA  ALB.MC  
    SAPA Placencia Holding entered into share purchase agreement
with Alba to acquire about 5% of Indra's share capital for 90.8
million euros. For the purpose of financing the acquisition, it
also entered into derivatives agreement with Deutsche Bank AG,
Frankfurt that proceeded to the sale of about 4.45% of Indra's
share capital in accelerated bookbuilding process.  urn:newsml:reuters.com:*:nL8N2SZ5Z0
    In a separate statement, it was announced that Deutsche Bank
closed placement of about 4.5% stake in Indra for about 78
million euros.  urn:newsml:reuters.com:*:nL8N2T00R1
    
    IAG  ICAG.L   ICAG.MC 
    International Airlines Group and Globalia said on Wednesday
that discussions are at advanced stage to cancel the acquisition
of Air Europa.  urn:newsml:reuters.com:*:nTUC1644CJ
    
    GESTAMP AUTOMOCION  GEST.MC 
    Morgan Stanley raised its target price to 4.30 euros from
3.60 euros.  urn:newsml:reuters.com:*:nFWN2SZ0A5
    
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