Spanish Stocks: Grifols, Amadeus, Ferrovial Shares Move Today
Spain’s IBEX 35 index fell 40.4, or 0.4 percent, to 10,872.8 at 2:40 p.m. The Madrid Stock Exchange General Index also slid 0.4 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) climbed 0.8 percent to 13.81 euros, paring April 8’s loss. The Spanish flight-reservations company was added to Goldman Sachs Group Inc.’s “conviction buy” list.
Ferrovial SA (FER) slipped for a second day in three, losing 0.9 percent to 9.21 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) jumped for a second day, adding 2.9 percent to 12.91 euros, the steepest gain in more than two months. 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. (TLCR) will be completed, giving speculators a chance for a 60 percent return.
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