Spanish stocks - Factors to watch on Wednesday

Wed Jun 17, 2009 2:40am EDT
 
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MADRID, June 17 (Reuters) - 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:

IBERDROLA (IBE.MC)

Spanish utility Iberdrola said on Tuesday it plans to issue 1.25 billion euros ($1.7 billion) of shares and place them with private investors without resorting to a rights issue.

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SOS CUETARA (SOS.MC)

New York-listed investment fund Overture Acquisition Corporation wants to invest 200 million euros ($277.9 million) to buy a stake in SOS Cuetara, El Economista reported, citing access to a letter from Overture to SOS' directors.

SOLAR

Photovoltaic investments will be reduced to 1.6 billion euros in Spain this year, compared to 16.4 billion a year ago, Spanish press reported, citing forecasts by industry association ASIF.

MACROECONOMY

Spain's main labour unions said on Tuesday they may reach a deal with business groups and the government on labour laws by July amid calls for urgent reforms to stave off unemployment.

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