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Repsol, Codere, Gas Natural, Sacyr, ACS: Iberian Equity Preview

Feb. 21 (Bloomberg) -- 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 Index declined 0.4 percent to 11,068.1.

Spanish stocks:

Actividades de Construccion y Servicios SA (ACS SM): The Spanish construction company won 166 million euros ($227.1 million) of contracts to build two highways in Arizona, Europa Press reported, without citing anyone. ACS will build a stretch of highway 303 for 100 million euros and part of highway 202 for 66 million euros, Europa said. The shares fell 0.2 percent to 33.77 euros.

Codere SA (CDR SM): The operator of bingo clubs and casinos published January operating data that showed net wins per day had increased from their level in January 2010. The stock rose 0.4 percent to 8.59 euros.

Gas Natural SDG SA (GAS SM): Algeria’s Sonatrach may take a 5 percent stake in Gas Natural to end a dispute with the Spanish company, Expansion reported, citing unidentified people in the energy industry. Gas Natural’s stock slid 0.1 percent to 12.75 euros.

Repsol YPF SA (REP SM): Colombia suspended contracts awarded to Repsol and Ecopetrol SA (ECOPETL CB) to explore for oil in an archipelago in the Caribbean, Efe reported, citing a statement from the country’s oil regulator.

Separately, Repsol, BHP Billion Ltd. (BHP AU) and Total SA (FP FP) created a joint venture to bid for an offshore oil exploration block located in Trinidad and Tobago’s waters, Efe reported, citing an official in the country. Repsol’s shares rose 0.4 percent to 24.58 euros.

Sacyr Vallehermoso SA (SYV SM): The Spanish builder, which hasn’t paid a dividend in two years, will pay one “as soon as possible,” El Confidencial reported, citing a speech made by Chairman Luis del Rivero at a meeting with private investors. The shares climbed 2.3 percent to 8.04 euros.

To contact the reporters on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net; Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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