Iberdrola, Prisa, Europac, EDP: 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) fell 0.23 percent to 10,468 in Madrid. Portugal’s PSI-20 Index (PSI20) rose 0.9 percent to 7,399.57.

Spanish stocks:

Iberdrola SA (IBE) : Spain’s largest power company said in a filing it completed its share buyback program. The stock fell 0.3 percent to 6.20 euros.

Promotora de Informaciones SA (PRS) : The company known as Prisa said in a filing that 58,491 Class A new shares were approved for trading. It also said that 4,000 Class B shares converted into Class A shares were also admitted for trading. The stock retreated 1.8 percent to 1.61 euros.

Papeles & Cartones de Europa SA (PAC SM): The company known as Europac will pay a gross dividend of 0.0503 euros per share on July 8 from 2010 earnings, the company said in a regulatory filing. The stock rose 2.8 percent to 3.93 euros.

Portuguese stocks:

EDP-Energias de Portugal SA (EDP PL): The biggest power company in the country may be active after Portugal water reserves declined to 61 percent of the storage capacity as of July 3 compared with 63.4 percent a week ago, according to Lisbon-based grid operator REN-Redes Energeticas Nacionais SA. EDP stock rose 1.5 percent to 2.53 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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