November 23, 2018 / 7:30 AM / 17 days ago

Spanish stocks - Factors to watch on Friday

The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

POLITICS

Prime Minister Pedro Sanchez agreed with Cuban President Miguel Diaz-Canel to deepen bilateral political ties, at the start on Thursday of the first official visit by a Spanish leader to the Communist-run country in three decades.

European Union negotiators meet on Friday to try to clear the last hurdle before a Sunday summit set to endorse the Brexit deal, but Spain’s eleventh-hour objections over Gibraltar mean the final text may not be ready until the last minute.

FERROVIAL

The infrastructure and services group aims to start the process of selling its services division before the end of this year, Expansion reported.

Ferrovial may split the unit up according to its different activities or the regions where it operates, and is aiming for a 3 billion euro ($3.4 billion) price tag, Expansion added.

Separately, the Times of India reported Ferrovial and Canada’s Public Sector Pension Investment Board were eyeing a stake in India’s GVK airport.

ENDESA, IBERDROLA, NATURGY

The three utilities disagree over the future of the Almaraz nuclear plant in central Spain, with Endesa favouring a 10-year extension to the plant’s life while Iberdrola and Naturgy want it to keep running until 2024, El Economista and Cinco Dias reported.

Cinco Dias said this disagreement could lead to the plant’s closure in 2020, as all three shareholders need to agree on the timeframe.

SABADELL

British lawmakers launched an inquiry on Friday into computer systems failures at financial firms, after a number of outages in recent months, including at Sabadell unit TSB, left millions of customers unable to access their money or make vital payments.

VISCOFAN

The meat casings producer said on Thursday it would pay a dividend of 0.64 euros per share on Dec. 20.

BARON DE LEY

Mazuelo Holdings said on Thursday it had built up a stake of 63.2 percent in the Spanish winery.

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$1 = 0.8762 euros Editing by Mark Potter

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