Repsol, Fergo Aisa, Bankia: Iberian Equity Preview

Oct. 3 (Bloomberg) -- The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 Index fell 0.5 percent to 8,546.60 in Madrid. Portugal’s PSI-20 Index fell 1.3 percent to 5,891.06.

Spanish stocks:

Repsol YPF SA (REP SM): The oil company’s “Spanishness” is assured and is a government priority because the company is “strategic,” Spanish Industry Minister Miguel Sebastian said Sept. 30. The shares rose 0.3 percent to 19.98 euros.

Fergo Aisa SA (AISA SM): The Spanish real estate company reached an agreement with CatalunyaCaixa and the lender dropped its petition to file for bankruptcy. Fergo Aisa said it will publish 2010 results in the coming days. The shares have been suspended in trading in Madrid since May 25 pending the release of 2010 results.

Bankia SA (BKIA SM): The Spanish lender created through a merger of seven savings banks said it will join the IBEX 35 index as of Oct. 3. The shares fell 2.3 percent to 3.664 euros.

--Editors: Alex Nicholson, Torrey Clark

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net -0- Oct/02/2011 14:39 GMT