MADRID, Jan 19 (Reuters) - he 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:
JP Morgan cuts stand on Tecnicas Reunidos to “underweight” from “overweight” with a target price of 29 euros from previous 47 euros per share.
Spanish renewable energy firm Abengoa, which is selling assets to cut debt, said late on Friday it had raised $328 million from selling shares in its U.S. unit after banks underwriting the offer bought more of the stock.
Wind generator manufacturer Gamesa said on Monday it has signed a contract with an affiliate of Petroleum Corporation of Jamaica for the turn-key construction of a wind park in the country with 24-megawatt installed capacity.
Hutchison Whampoa, owner of Britain’s fourth-largest mobile operator Three, is in talks with Telefonica about buying its O2 network, the Sunday Times reported, citing unnamed city sources.
Spanish department store El Corte Ingles, the country’s biggest privately-held company, has increased a recent bond issue to 600 million euros as it seeks to cut borrowings from banks.
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