Abertis, Ence, Faes Farma, Galp Energia: 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.
Faes Farma SA (FAE) : The pharmaceuticals company said it expects its pretax profit to be 50 percent higher in 2013 than in 2010. The shares dropped 0.7 percent to 2.18 euros.
Grupo Empresarial Ence SA (ENC) : The pulp maker said it lined up financing to build a 50-megawatt capacity biomass plant in Huelva, southern Spain. The shares fell 1.2 percent to 2.49 euros.
Galp Energia SGPS SA (GALP) : June 22 is the last day to buy shares of Portugal’s biggest oil-and-gas company with the rights to the final dividend of 14 euro cents a share. Galp rose 3.1 percent to 15.24 euros.
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