A head start in Spanish equities (21/11/24) BBVA SAB Utilities REP NTGY GDP PUIG TEF Banks Ibex
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Stories ranked by order of importance
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BBVA/Sabadell?(-/=) The Competition Authority sees risk to SME lending from the bid by BBVA (Expansion p15)
(=) BBVA launches a campaign to attract Sabadell shareholders (Expansion p16)
(-/=) The new design of the tax on banks would significantly boost BBVA’s tax bill if it bought Sabadell (Cinco Dias p4)
Utilities/Repsol?(-/+) The energy sector companies condition €30bn in investment to the non-approval today of the tax on the sector (Expansion p3)
Naturgy? (+/=) Blackrock begins talks to renegotiate the debt financing the Naturgy stake inherited from GIP, easing its potential sale (El Confidencial)
GDP??? (-/=) Bank of Spain calculates that the Valencia floods will detract €1bn from GDP this autumn (Expansion p24)
Regional financing (-/=) The Funcas think tank calculates that the special Catalan tax system would detract €22bn from the central government (Expansion p26)
Puig??(=) The executive chairman says that being listed will not change the Company’s organic growth model (Expansion p6)
Telefonica??(=) Withdraws from the acquisition process of its WOM competitor in Chile (Expansion p10)
(=) The Government prepares the authorisation for STC to reach 9.9% of Telefonica (Cinco Dias p5)
Banks?? (-/=) Interest rates and the tax on banks detract €15bn in lending to SMEs (Expansion p27)
Ibex??(=) The Ibex index rises 0.01% to 11,589, taking a pause ahead of the Nvidia results (Expansion p20)