SPAIN DAYBOOK: PP Would Win If Elections Held Now, Surveys Show

Spain’s opposition People’s Party would beat the Socialists if elections were held now, according to El Pais and El Mundo polls.

WHAT TO WATCH:

*Iberdrola SA’s (IBE) Almaraz 2 atomic power plant was halted due to high temperature in one of the reactor’s refrigerants, Spain’s regulator for nuclear safety said yesterday. The safety systems functioned properly, and there was no risk to workers or the population, the regulator said.

ECONOMY:

*The PP would win 45.4 percent of the vote, compared with 30.1 percent for the Socialists, according to a poll of 600 people carried out by Metroscopia for El Pais on Oct. 21 after Basque terror group ETA announced its intention to lay down arms.

*The PP would win 47.8 percent of the vote, compared with 30.7 percent for the Socialists, according to a nationwide poll of 3,000 people carried out between Oct. 7 and Oct. 20, El Mundo said. The PP would win 194 of the 350 seats in Parliament compared with 119 seats for the Socialists, according to El Mundo.

EQUITIES:

*Iberdrola SA is bidding to build a natural-gas, combined-cycle power plant in Mexico’s Morelos state, El Economista reported, without citing anyone. Actividades de Construccion y Servicios SA, Abengoa SA, (ABG) Grupo Isolux Corsan SA and Abener Energia SA are also bidding for the 500 million-euro ($687 million) project, the Madrid-based newspaper said.

*Banco Santander SA (SAN) is in talks to sell 12,000 Spanish apartments it repossessed to Wall Street funds, the Sunday Times reported.

*Antena 3 de Television SA is close to buying rival broadcaster Gestora de Inversiones Audiovisuales La Sexta, daily Il Sole 24 Ore reported, without giving further details.

*Promotora de Informaciones SA is scheduled to report third-quarter earnings.

MARKETS:

*The IBEX 35 Index advanced 2.84 percent to 8,853.

*The spread between Spanish and German 10-year borrowing costs tightened to 336.7 basis points.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Emma Ross-Thomas at erossthomas@bloomberg.net

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