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Alba, Ferrovial, Duro Fleguera: 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 (IBEX) rose 0.6 percent to 9,872.20 in Madrid. Portugal’s PSI-20 Index (PSI20) dropped 0.6 percent to 6,950.85.

Spanish stocks:

Ferrovial SA (FER) : BAA Ltd., a London-based unit of the Spanish builder, appointed Normand Boivin as its chief operating officer for London Heathrow airport, the busiest in Europe. Boivin, currently operations director at Aeroports de Montreal, joins Aug. 29, BAA said in a statement. The stock rose 1.6 percent 8.23 euros.

Corporacion Financiera Alba SA (ALB SM): The holding company said in are regulatory filing it bought a 2 percent stake in Ebro Foods SA (EBRO SM) for 51.9 million euros ($74.06 million), boosting its holding to 8.1 percent. Alba shares rose 1.4 percent to 36.68 euros. Ebro’s stock gained 0.5 percent to 15.51 euros.

Duro Felguera SA (MDF) : The Spanish contractor that designs and builds power plants said in a filing it will pay a gross dividend of 10 euro cents per share. The stock fell 1.1 percent to 5.67 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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