Bloomberg News

Banco Santander, Repsol YPF, Ferrovial: Iberian Equity Preview

June 19, 2011

June 19 (Bloomberg) -- The following companies may have unusual price changes in Spanish and Portuguese trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 Index rose 2.2 percent to 10,135.20. Portugal’s PSI-20 Index rose 1.5 percent to 7,253.58.

Spanish stocks:

Banco Santander SA (SAN SM): Qatar’s foreign investment arm held talks about buying a stake in Banco Santander SA’s U.K. business ahead of the unit’s planned share sale, the Sunday Times reported, without saying where it got the information. Santander shares jumped 4.3 percent to 7.95 euros.

Ferrovial SA is in talks to sell a 10 percent stake in its U.K. airport-operations business to U.S. infrastructure investor Alinda Capital Partners LLC, the Sunday Times reported, without saying how it got the information. The shares rose 0.8 percent to 8.55 euros.

Repsol YPF SA (REP SM): The Spanish oil company said June 18 it agreed set up an $800 million joint venture with Alliance Oil Co Ltd. to develop output in Russia. The shares rose 1.6 percent to 22.43 euros.

--Editor: Kim McLaughlin

To contact the reporter on this story: Charles Penty in Madrid at cpenty@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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