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Spanish stocks - Factors to watch on Wednesday

Source: Reuters - Wed 27th Oct 2010

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

BBVA

Spain's second largest bank reported a 12.2 percent fall in in nine-month net profit, in line with analyst estimates.

SOS

American vegetable oil company Bunge is preparing a bid for the Spanish olive oil company SOS, El Economista reported on Wednesday without naming sources.

Iberia

TThe Spanish air carrier said late on Thursday it has called a shareholders meeting for Nov. 29 to vote on its planned merger with British Airways.

ENDESA & IBERDROLA

Spain's government said it is sticking to its planned November issue of tariff bonds to ease power groups' debt levels, despite telling securities regulator CNMV not to proceed with Tuesday's planned approval.

IBERDROLA RENOVABLES

The initial public offering of Italian utility Enel's renewable unit, a major peer for Iberdrola Renovables', is finding the going tough in the final week of book building, banking sources said on Tuesday.

ACERINOX

The stainless steel maker reports nine-month earnings after the close, where it is expected to swing to a net profit from a steep loss a year ago, although a drop in prices and sluggish demand could dampen future recovery.

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