Additional European Equity News

Acciona (ANA SM) - Co. said that South Fraser Station Partners (led 33% by Acciona) was selected a preffered proponent in a Surrey Langley Skytrain contract. (Newswires)

Azimut (AZM IM) - Co. is in talks with several banks, who are interested in the bank's new digital bank. (Newswires) 

BBVA (BBVA SM) - The bank's Colombian unit will issue shares on the local market worth EUR 220mln to boost growth. (Newswires) 

Dassault Aviation (AM FP) - Serbia to buy French fighter jets, as the country aims to pivot away from Russia. The country is planning to make a EUR 3bln order for French Rafale Jets, which are produced by Dassault Aviation, according to the FT. (FT)

Galp (GALP PL) - Q1 Sales of refined products to clients -5% vs Q4. Total Nat gas sales +23% at 4.2 TWH vs Q4. (Newswires) 

Grifols (GRF SM) - Co. plans to add independent directors to its audit to improve its governance, via La Vanguardia. (La Vanguardia)

Kingfisher (KGF LN) - Chair Andrew Cosslett has decided not to run for re-election, Claudia Arney to succeed. (Newswires) 

Inchcape (INCH LN) - To sell its UK retail operations for approx. GBP 346mln. (Newswires) 

LVMH (MC FP) - FT citing sources, as part of an article into Bernard Arnault’s succession planning, say it is too early to say which of his children will eventually take the CEO role with some analysts suggesting it could be shared. (FT)

MediaForEurope (MFE IM) – CEO Giordani sees the European media industry suffering from US competition, describing it as a “matter of scale”. Adding, they have become more convinced about the need for European consolidation. (FT) MFE has a ~30% stake in ProSiebenSat.1 (PSM GY)

Siemens (SIE GY) - BofA upgrades Co. to Buy and provides positive commentary on the name - "we expect the stock to re-rate with inflection in outlook for Digital Industries", BofA said. 

Vinci (DG FP) - Signs a strategic partnership with Natpower, finalised investment approx. 50mln. (Newswires) 

Hella (HLE GY) resumed with Hold at Deutsche Bank 

Klepierre (LI FP) upgraded to Buy from Hold at Jefferies 

Logitech (LOGN SW) downgraded to Underweight from Equal Weight at Morgan Stanley 

Solvay (SOLB BB) downgraded to Hold from Buy at Deutsche Bank 

15 Apr 2024 - 07:53- EquitiesResearch Sheet- Source: Newsquawk