Santander, Repsol YPF, Banco de Valencia: Spanish Equity Preview
The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.
Banco de Valencia SA (BVA) : The Valencia, Spain-based bank and Bankia SAU, its largest shareholder, reached an agreement in which Banco de Valencia will sell its 22.21 percent stake in Arcalia Patrimonios Sociedad de Valores SA to Arcalia. Banco de Valencia shares fell 2.6 percent to 1.89 euros.
Banco Santander SA (SAN) : Spain’s biggest lender has scheduled a shareholders’ meeting. The shares advanced less than 0.1 percent to 7.62 euros.
Dinamia Capital Privado SCR SA (DIN SM): The venture capital company, along with private equity firms managed by Nmas1 Capital Privado SGECR SA, reached a binding agreement to acquire Radiacion & Microondas SAU and Teltronic SAU. Dinamia will pay 10 million euros for a 25 percent stake in both companies, the company said. The shares climbed 1.5 percent to 7.90 euros.
Grupo Tavex SA (TVX) : The Spanish denim producer named Marcio Garcia de Souza as chairman of the board, replacing Enrique Garran Marzana. The shares rose 2.6 percent to 42.9 euro cents.
Repsol YPF SA (REP) : Spain’s biggest oil company named Miguel Martinez San Martin as general finance director, the company said in a regulatory filing. The shares gained 0.2 percent to 22.08 euros.
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