The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
MARTINSA FADESA SANTANDER BBVA
Martinsa-Fadesa, the Spanish property developer in administration since July, is putting land up for sale at a price 10 times cheaper than how it had been valued to reduce debt, El Pais reported, citing a viability plan.
Separately, Expansion reported Saturday, citing legal documents, that Martinsa has sold 443 million euros worth of property assets to creditors BBVA, Banco Santander and savings bank Caixa Galicia, reducing its debt to the institutions.
SACYR VALLERMOSO ACCIONA ENDESA REPSOL
Spain's Socialist government is attempting to prevent Sacyr's planned sale of its 20 percent of oil group Repsol coinciding with Acciona's possible sale of its stake in Endesa in order to lessen the negative publicity from both energy group's coming under foreign control, ABC reported Sunday citing government sources
No comments:
Post a Comment