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Spanish stocks - Factors to watch on Wednesday

Published 06/04/2016, 03:28 pm
© Reuters.  Spanish stocks - Factors to watch on Wednesday
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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:

REPSOL REP.MC , SACYR SCYR.MC

Spanish builder Sacyr is studying the possibility of placing bonds convertible in to Repsol's shares, representing 2 percent of the oil company, in an effort to reduce debt, Expansion reported citing financial sources.

FCC FCC.MC

Mexican billionaire Carlos Slim already has majority control over company before a full takeover bid is formalised due to a loan to second-biggest shareholder Koplowitz. BKIA.MC

Standard & Poor's raised credit rating to BB+ due to reduction in bank's dependency on short term financing and improvement to liquidity.

FERROVIAL FER.MC

Australian detention camp operator Broadspectrum Ltd BRS.AX on Wednesday urged shareholders to reject an improved A$769 million ($581 million) takeover offer from Spanish infrastructure company Ferrovial, saying the new bid still undervalues the target. ABG.MC

Officials from China State Grid STGRD.UL visited energy transmission projects in Brazil under construction by Abengoa to evaluate the merits of a takeover of the assets that had stalled last year when the Spanish firm ran into financial problems, two sources confirmed on Tuesday. 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

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