Spanish stocks - Factors to watch on May 2

Grupo Catalana Occidente SA

02/05/2025 07:53

May 2 (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:

BBVA BBVA.MC, SABADELL SABE.MC

Spain's competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell SABE.MC by its larger rival BBVA BBVA.MC, though the combined lender will have to accept several remedies in its retail banking arm if the long-running hostile takeover bid clears the remaining hurdles.

REDEIA REDE.MC

Spain's grid operator denied on Wednesday dependence on solar power was to blame for the country's worst blackout, while Prime Minister Pedro Sanchez came under increasing pressure to explain what went wrong.

Separately, the company said on Wednesday its first-quarter net profit was 137.8 million euros.

CATALANA OCCIDENTE GCO.MC

Inocsa said on Wednesday terms and conditions of public tender offer for Grupo Catalana Occidente were approved.

Separately, Catalana Occidente said on Wednesday it would pay dividend of 0.59 euro per share on May 8.

MERLIN PROPERTIES MRL.MC

Merlin said on Wednesday it would pay ordinary dividend of 0.02 eur/shr and share premium reserve of 0.20 eur/shr on May 26.

INMOCEMENTO IMCO.MC

Inmocemento said on Thursday its first-quarter net profit was 36.7 million euros.

REALIA RLIA.MC

Realia said on Wednesday its first-quarter net profit was 7 million euros.

AMPER APE.MC

Amper said on Wednesday it signed a contract for remaining 49% stake in subsidiary Elinsa.

Separately, the company said on Wednesday it would increase share capital by 372,168 euros.

ECOLUMBER ECWI.SCT

Ecolumber said on Wednesday it received authorization for  two-month extension in submitting reports.

URBAS UBS.MC

Urbas said on Wednesday it was not able to submit annual report on time due to lack of mandatory audit report.

IBERDROLA IBE.MC

Barclays raised its target price to 14.9 euros from 13.7 euros.

AENA AENA.MC

JP Morgan raised its target price to 231 euros from 229 euros.

Separately, Barclays raised its target price to 240 euros from 232 euros.

Separately, Morgan Stanley raised its target price to 240 euros from 232 euros.

CAIXABANK CABK.MC

UBS raised its target price to 7.6 euros from 7.45 euros.

Separately, Barclays raised its target price to 6.7 euros from 6.2 euros.

VIDRALA VID.MC

Citigroup cuts its target price to 98 euros from 99 euros.

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