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Spanish stocks-Factors to watch on Monday

Mon, 16th Sep 2019 07:23

Sept 16 (Reuters) - The following Spanish stocks may beaffected by newspaper reports and other factors on Monday.Reuters has not verified the newspaper reports, and cannot vouchfor their accuracy:

TELEFONICA

The Spanish telecom group is considering making a bid forits Brazilian rival Oi and has hired an investment bank toadvise it on buying some or all of the company, El Confidencialreported, citing sources close to the negotiation.

SIEMENS GAMESA

The wind turbine maker said on Monday it had startedexclusive, non-binding negotiations with insolvent German peerSenvion to potentially buy selected assets. If talks succeed,Siemens Gamesa said it would take a binding decision within thenext few weeks.

The Spanish firm added that any such transaction would haveno financial impact on its 2019 accounts.

DIA

The supermarket operator posted a first-half net loss of418.7 million euros versus a loss of 29.5 mllion euros in thesame period of 2018, financial results released on Mondayshowed.

ALMIRALL

The pharmaceutical company appointed Mike McClellan as chieffinancial officer and said David Nieto had decided to step down.

SANTANDER

The chief executive of Santander's Spanish business said inan interview with Cinco Dias that, within a few years, Spainshould contribute the same amount of profit to the company asBrazil currently does.

NATURGY

Algerian energy firm Sonatrach wants another Arab investorto buy part of the Medgaz pipeline between Algeria and Spain toavoid the Spanish gas firm securing a majority stake, Expansionreported without citing sources.

REPSOL

Berenberg cut its price target for the stock to 17 euros($18.8) from 18 euros.

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