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Spanish stocks - Factors to watch on April 3

Thu Apr 3, 2008 1:42am EDT

Stocks

   

MADRID, April 3 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

IBERIA(IBLA.MC); VUELING (VULG.MC)

Former Spanish monopoly airline Iberia is negotiating to be the main shareholder in merger talks between its low-cost carrier Clickair and Barcelona-based airline Vueling, papers reported on Thursday.

Iberia is looking for a 40 percent stake in the share capital of any new company, El Economista reported, citing sources close to the operation.

Business daily Expansion said the airline was looking for between 20 and 30 percent, again with the aim of being the main shareholder.

MEDIA STOCKS

ING started rating the Spanish media sector, rating Prisa (PRS.MC), Antena 3 (A3TV.MC), Telecinco (TL5.MC) a "Buy" and Sogecable SGCE.MC a "Sell".

For more, click on [nWNA1013]

BEFESA (BMA.MC)

The unit of Spanish engineering firm Abengoa (ABG.MC) has won a $291 million deal to build a seawater desalination plant in Algeria, Algerian official media said on Wednesday.

For a story, click on [ID:nAHM254267]

ITINERE EUR.MC

The highway company said after the market close on Wednesday a consortium it leads had won a contract to design, build and operate a tunnel in Marao, Portugal, over a 30-year period. Investment in the project is estimated at 425.1 million euros ($664.8 million).

MARTINSA FADESA (MFAD.MC)

The Spanish property firm is closing in on a 5 billion euro debt restructuring deal that would save it from bankruptcy, people familiar with the situation said on Wednesday.

For more, click on [ID:nL02852640]

ECONOMY

NTC releases the Purchasing Managers Index (PMI), an indicator for business conditions in the services sector, for March.

Spain's Official Credit Institute releases March consumer confidence data.

For today's European market outlook double click on [.EU].

For real-time moves on the Spanish blue-chip index IBEX please double click on .IBEX

For IBEX constituent stocks highlight .IBEX in the command box and press the F3 button on your keyboard

For latest news on Spanish stock moves double click [HOT-ES]

For Spanish language market report double click on [.MES]

For latest Eurostocks report please double click on [.EU]



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