Spanish Stocks: Santander, Faes Farma, Ferrovial, Grifols Move

Spain’s benchmark IBEX 35 Index gained for a third day, adding 67.2, or 0.7 percent, to 10,014.8 at the 5;30 p.m. close in Madrid. The measure has climbed 4.9 percent this week, the most since July.

The following were among the most active stocks in the Spanish market. Symbols are in parentheses after company names.

Banco Santander SA (SAN SM) gained for a third day, adding 1.4 percent to 8.34 euros. Spain’s largest lender was raised to “overweight” from “neutral” at HSBC Holdings Plc.

Faes Farma SA (FAE SM) added 5.1 percent to 2.89 euros, the highest close in a month. The Spanish pharmaceutical company won approval to sell its allergy treatment Bilastina in Germany, Denmark, Bulgaria and Sweden. Faes now has approval to market the treatment in 8 European countries and aims to reach 29 nations in the next few months.

Ferrovial SA (FER SM) climbed 1.6 percent to 8 euros, a fourth straight advance. Norges Bank holds a 3 percent stake in the Spanish manager of highways and airports, a regulatory filing showed.

Grifols SA (GRF SM) gained the most in two years, rallying 7.3 percent to 10.05 euros. Santander said the blood-plasma maker’s purchase of Talecris Biotherapeutics Holdings Corp. “is more likely to be approved than not.”

To contact the reporter on this story: Paul Tobin in Madrid at ptobin@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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