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Spanish stocks - Factors to watch on Monday

Source: Reuters - Mon 25th Oct 2010

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

IBERDROLA, ENDESA, GAS NATURAL

Spain's stockmarket regulator may approve the prospectus for an initial 3 billion euro tariff bond issue to take debt off the utilities' balance sheets this Thursday, El Economista reported, citing sources from energy regulator CNE.

FCC

The Spanish builder has hired Macquarie and JP Morgan to advise the sale of up to 40 percent of Globalvia, the infrastructure firm it controls with savings bank Caja Madrid, Expansion reported, citing financial sources.

ACS

Hochtief Chief Executive Herbert Luetkestratkoetter met with Qatar's economy minister at the end of September, lobbying for support against an unwanted low-ball offer from Spain's ACS.

ACS has said it will offer Hochtief shareholders eight ACS shares for every five Hochtief shares they own, valuing the German builder at about 3.7 billion euros, to get a majority stake in Hochtief.

Separately, ACS reiterated on Monday that it has no plans to change management of Australia's top contractor Leighton Holdings if ACS wins control over Leighton's German parent.

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