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Repsol, Codere Shares May Be Active: Iberian Equity Preview

The following companies may have unusual price changes in Spanish and Portuguese trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 Index declined 0.4 percent to 11,068.10. Portugal’s PSI-20 Index retreated 1.2 percent to 8,030.33.

Spanish stocks:

Repsol YPF SA (REP SM): Colombia suspended contracts for oil exploration in an archipelago in the Caribbean awarded to Repsol and Ecopetrol SA (ECOPETL CB), Efe reported, citing a statement from the country’s oil regulator.

Separately, Repsol, BHP Billion Ltd. (BHP AU) and Total SA (FP FP) created a joint venture to bid for an offshore oil exploration block located on Trinidad and Tobago waters, Efe reported, citing an official in the country. Repsol’s shares rose 0.39 percent to 24.58 euros.

Codere SA (CDR SM): The operator of bingo clubs and casinos published January operating data that showed net wins per day above their level in the year-ago month, in a regulatory filing. The stock rose 0.4 percent to 8.59 euros.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net.

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net.

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