Banco Bilbao, Europac, Telefonica May Move: Spain 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.

Spain’s IBEX 35 fell 0.1 percent to 10,196.20.

Banco Bilbao Vizcaya Argentaria SA (BBVA) : Shares of Spain’s second-biggest bank trade without the right to collect an interim dividend of 10 euro cents per share. BBVA fell 0.3 percent, to 7.91 euros.

Papeles & Cartones de Europa SA (PAC SM): Shares of the Spanish corrugated paper maker trade without the right to collect a dividend of 5 euro cents per share. The stock slipped 0.1 percent to 3.97 euros.

Telefonica SA (TEF) : Spain’s largest telephone company said it reached an agreement with workers’ unions to cut 6,500 jobs in Spain. The shares rose 0.1 percent to 16.55 euros.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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