Bankinter | The Government has taken advantage of the operation of purchase of Global Infrastructure Partners (GIP) by BlackRock, to raise again a series of shields on the company. In January this year, BlackRock, the largest private equity fund manager in the world, announced an agreement to buy GIP, which has been a shareholder of Naturgy since 2016. As a result, BlackRock has become the indirect holder of 20.641% of...

Banc Sabadell : The Securities and Exchange Commission (American stock market regulator) reportedly concluded its investigation into Grifols (GRF) on 1 October, accepting the company’s explanations and without announcing any sanctions or the opening of any proceedings. We recall that the SEC began its investigation at the beginning of the year as a result of Gotham City Research’s accusations and, among other things, had asked GRF for ‘an accounting analysis...

Intermoney | ACS (ACS) (Buy, PO 48 ), through Turner, its main subsidiary in the United States, has won a new contract to build a data centre campus in New Albany (Ohio) commissioned by Vantage, owned by the Silver Lake fund. The €1.85 billion project will involve the construction of three new buildings with a combined capacity of 192 megawatts (MW). It is the technology giant’s first asset in the...

Intermoney | Aena (Buy, PO €215) has announced its 9m 24 results, and will hold a conference call today at 1pm. The figures, along with our estimates, are shown in the attached table. Based on September traffic levels that were well above pre-pandemic records (107% in Spain), Aena generated 9m EBITDA of €2,663m, or 125% of the 2019 figure, slightly above IMVe (€2,646m). We confirm our estimates, which we clearly...

Renta 4 : Results have met our revenue guidance (+2% vs R4e) and have largely outperformed at operating and net level: Ordinary revenues €1. 096m (in line vs R4e, +2% vs consensus and +9% vs Q3 23), EBIT, main magnitude, €111m (+12% vs R4e, +10% vs consensus, +25% vs Q3 23), EBITDA €140m (vs €114m R4e and +20% vs Q3 23) and net profit €70m (+9% vs R4e, +8% vs...

Cepsa has changed its name to Moeve, a rebranding that symbolizes its commitment to becoming a leader in the European energy transition and leaving behind its oil-related past. As part of its ‘Positive Motion’ strategy for 2030, this change also aims to accelerate its decarbonization and that of its clients, through an investment of up to €8 billion, of which more than 60% will be allocated to sustainable businesses, such...