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Spanish Stocks: Grifols, Amadeus, Ferrovial Are Active in Madrid

Updated on

April 11 (Bloomberg) -- Spain’s IBEX 35 index fell 34.9, or 0.3 percent, to 10,878.3 at the 5:30 p.m. close in Madrid. The Madrid Stock Exchange General Index also slipped 0.3 percent today.

The following were among the most active stocks in the Spanish market. Symbols are in parentheses after company names.

Amadeus IT Holding SA (AMS SM) climbed 0.6 percent to 13.78 euros, paring April 8’s loss. The Spanish flight-reservations provider was added to Goldman Sachs Group Inc.’s “conviction buy” list.

Ferrovial SA (FER SM) slipped for a second day in three, losing 1.3 percent to 9.17 euros. The company’s Heathrow Airport imposed a contract exempting itself from blame for airline losses in cases such as December’s snowfall, the London-based Times said.

Grifols SA (GRF SM) jumped for a second day, adding 2.5 percent to 12.86 euros, the steepest gain since March 21. Traders who bet on mergers are the most convinced since the offer was made in June that Grifols’s takeover of Talecris Biotherapeutics Holdings Corp. will be completed, giving speculators a chance for a 60 percent return.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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