The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
Inmobiliaria Espacio, part of Grupo Villar Mir, said on Wednesday it had placed 2.36 percent stake in Abertis in an accelerated bookbuild offer for 14 euros per share.
Spain’s OHL said late on Tuesday that it had placed a further 8.11 percent of its affiliate OHL Mexico as collateral for a 248 mln euro loan by the Mexican affiliate after a drop in its share price.
Credit Suisse has started coverage of Endesa with an ‘outperform’ rating and 21.3 euros per share price target.
Goldman Sachs has raised its stance on Acciona to “buy” from “neutral”, adding to its conviction list and upped its target price to 86 euros.
A recovery in Spanish high street spending and warm weather across Europe helped boost sales at fashion giant Inditex in the first half, with a healthy start to the new season auguring well for the owner of Zara.
Spain’s BBVA and Fubon Financial Holding are weighing bids for 39 percent stake in PT Bank Pan Indonesia, Bloomberg reported, citing sources.
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