Spanish stocks - Factors to watch on Tuesday

MADRID | Tue May 19, 2009 2:00am EDT

MADRID May 19 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

IBERDROLA RENOVABLES IBR.MC

HSBC has raised its price target for Iberdrola's renewable energy unit to 4.20 euros from 3.65 and kept its overweight rating for the stock.

For a full story, please click on [ID:nWNAB1147]

FERROVIAL (FER.MC)

British airports operator BAA, owned by Spanish infrastructure company Ferrovial, is to appeal an order by competition regulators to sell three of its airports, including two in London, saying the ruling did not take into account current economic conditions.

For more information, click on [ID:nLI18201]

CINTRA CCIT.MC

Ferrovial is in talks with 40 creditor banks to refinance 3.3 billion euros in debt for which it used 65 percent of toll-road unit Cintra as collateral, in order to proceed with a merger with its subsidiary, Cinco Dias reported, citing unnamed financial sources.

COLONIAL (COL.MC)

The Spanish property firm is negotiating the sale of a major Madrid shopping center owned by its Riofisa unit to Dutch fund Corio for 125 million euros ($168.4 million), Expansion reported, citing unnamed sources close to the deal.

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