Spanish stocks - Factors to watch on Wednesday

TELEFONICA, PRISA

Telefonica's board is due to decide on Wednesday whether to buy 20 percent of Prisa's Digital+ pay-TV unit for around 425 million euros, newspaper Expansion reported.

REPSOL

China's CNPC has revisited the idea of a $14 billion offer for control of the Spanish oil and gas group's YPF arm in Argentina, but Chairman Antonio Brufau is still pushing for an IPO of the unit, El Mundo reported, without naming sources.

Repsol will hold a board meeting on Wednesday to approve a disputed dividend cut.

Separately, workers at its La Pampilla oil refinery in Peru said on Tuesday they had started a two-day strike to pressure the company for better benefits and to end forced overtime.

POPULAR

The cash-rich Spanish bank said on Tuesday it was keen to snap up assets in the restructuring of Spain's ailing saving banks and may also bid for Portugal's BPN.

REE, ENAGAS, EDP RENEWABLES

Grid operators and utilities on Tuesday said planned expansion in Spain's booming renewable energy sources must be matched by raised output from gas-fired plants which can cover emergency shortfalls.

VOCENTO

A syndicate of shareholders in the media group authorised one of its members, Atlan presse, to sell its 1.89 percent stake in the firm, according to a statement on Tuesday.