** Shares of Spain's HBX Group HBX.MC jump about 9% after El Confidencial reports the travel technology firm has received approaches from investment banks sounding out its willingness to sell
** HBX declined to comment when contacted by Reuters
** Renta 4 Banco sees the news as positive and a potential catalyst for a share price it says has been severely hit by concerns over AI-driven disruption in the medium to long term and the current geopolitical impact on tourism
** In the broker's view, any takeover bid could offer an exit route for private equity funds, even at a valuation below the IPO price
** According to the Spanish newspaper, discussions are preliminary and have not resulted in formal offers
** Shares are on track for their biggest one-day gain since May 2025
(Reporting by Tiago Brandao and Gemma Guasch)