Santander, Red, REN, EDP: Spain and Portugal Equity Preview
The following companies may have unusual price changes in Spain and Portugal trading. Stock symbols are in parentheses, and share prices are from the previous close.
Spain’s IBEX 35 Index (IBEX) fell 2.5 percent to 9,938. Portugal’s PSI-20 Index (PSI20) fell 1.4 percent to 7,151.
Spanish stocks:
Banco Santander SA (SAN) : Spain’s largest bank may make acquisitions in Colombia within three years and in Peru in the next five years, Francisco Luzon, head of the lender’s Latin American business was quoted as saying by El Economista. The shares fell 3.8 percent to 7.56 euros.
Red Electrica Corp. SA (REE SM): The operator of Spain’s power grid will analyze the terms of the Portuguese government’s planned sale of its stake in REN-Redes Energeticas Nacionais SA, Expansion reported, citing Chairman Luis Atienza. The shares fell 1.4 percent to 39.43 euros.
Portuguese stocks:
EDP-Energias de Portugal SA (EDP PL): Parpublica, a Portuguese state holding company, hasn’t received a firm proposal for its stake in utility EDP, the country’s securities regulator said on July 8. There have been demonstrations of “potential interest” and no talks are taking place, the regulator said. EDP shares fell 2.2 percent to 2.43 euros before the announcement.
To contact the reporter on this story: Emma Ross-Thomas in Madrid at erossthomas@bloomberg.net
To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net
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