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Spanish stocks - Factors to watch on Tuesday

Source: Reuters - Tue 4th Jan 2011

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

ACS

The Spanish conglomerate is expected to announce the results of its unsolicited offer for German builder Hochtief this morning, which could trigger the next stage in ACS' plan to take control of the company if it takes the Spanish company's stake past 30 %.

El Economista newspaper said ACS aimed to increase its stake in utility Iberdrola to 25 % from a current 20.2 %, citing market sources.

BANKS

China's Vice Premier Li Keqiang meets key members of Spain's governnment on an official visit. Li said that China is a long term investor in Spain's government debt in an Editorial on Monday.

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