Spanish Stocks: Abengoa, Unipapel, Nyesa, Nicolas Correa Move

Spain’s IBEX 35 index fell 25.4, or 0.2 percent, to 10,730.7 at 9:35 a.m. in Madrid. The Madrid Stock Exchange General Index dropped 0.3 percent today.

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

Abengoa SA (ABG) fell 1.8 percent to 23.01 euros, erasing yesterday’s gain. The Spanish renewable energy company whose debt has risen 67 percent to 15.3 billion euros ($22 billion) since 2008, will tell investors today it has no plans to borrow more this year, its chief executive said.

Nicolas Correa SA (NEA) rose 1.9 percent to 2.13 euros, extending the last two days of gains. Spain’s biggest maker of milling machines expects to post profits in the next few years on rising sales of machine tools in China, Chairman Jose Ignacio Nicolas-Correa said.

Nyesa Valores Corp. SA (NYE SM) climbed for a second day, adding 4.7 percent to 1.35 euros. The real estate developer said new shares from the capital increase will start trading today.

Unipapel SA (UPL SM) advanced for a third day, gaining 3.7 percent to 13.05 euros. Spain’s largest maker and distributor of paper products will propose to a shareholders’s meeting paying a dividend of 1.55 euros per share on 2010 earnings, the company said. The company will pay 55 euro cents per share as ordinary dividend and 1 euro per share as an extraordinary dividend, it said.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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