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Spanish stocks - Factors to watch on Oct. 19

Published 19/10/2020, 05:43 pm
Updated 19/10/2020, 05:48 pm

Oct 19 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

PROMOTORA DE INFORMACIONES PRS.MC

Spain's Prisa said on Monday it has entered into a lock-up agreement to restructure its syndicated debt with a representative group of its main financial creditors. The media firm also announced it has signed an agreement with Sanoma Corporation SAA1V.HE to sell pre K-12 and K-12 Santillana business in Spain for 465 million euros ($544.47 million). SOL.MC

Spanish solar-equipment manufacturer, Soltec, said on Saturday the non-binding proposals for subscription of shares received from qualified investors until Friday were sufficient to cover volume of offer within indicative and non-binding price band. TEF.MC

Spanish telecom giant Telefonica TEF.MC is readying an alliance with the private equity arm of German insurer Allianz (DE:ALVG) ALVG.DE to finance a 5 billion euro infrastructure investment in Germany, Spanish newspaper Expansion said on Monday, citing unidentified financial sources. ACS.MC

ACS's unit CIMIC Group CIM.AX said on Monday it will sell half of its mining services business to activist hedge fund Elliott Management, valuing the unit Thiess at A$4.3 billion ($3.04 billion). ENERGIA BKY.AX

Australian uranium explorer Berkeley Energia said on Sunday it will be included in Ibex Small Cap Index as of October 19. ITX.MC

Bernstein raised to "outperform" from "market perform" and raised its target price to 31 euros from 29 euros. [nFWN2HA055

ZARDOYA OTIS ZOT.MC

Kepler Cheuvreux upgraded Spanish elevator equipment manufacturer Zardoya Otis to "hold" from "reduce" and raised its target price to 5.50 euros from 5.30 euros. APPS.MC

Citigroup (NYSE:C) raised its target price to 11.5 euros from 9 euros. ICAG.L

Barclays (LON:BARC) cut its target price for Iberia's owner, IAG, to 120p from 188p. today's European market outlook double click on .EU .

For real-time moves on the Spanish blue-chip index IBEX please double click on .IBEX

For IBEX constituent stocks highlight .IBEX in the command box and press the F3 button on your keyboard

For latest news on Spanish stock moves double click HOT-ES

For Spanish language market report double click on .MES

For latest Eurostocks report please double click on .EU

($1 = 0.8540 euros) (Gdansk Newsroom; Gdansk.newsroom@thomsonreuters.com +48 58 778 51 10)

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