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Spanish stocks - Factors to watch on Monday

Mon Jun 9, 2008 11:28am IST
 
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MADRID, June 9 (Reuters) - 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 (IBE.MC: Quote, Profile, Research)

The board of British Energy (BGY.L: Quote, Profile, Research) is expected to recommend a 10 billion pound takeover bid by EDF (EDF.PA: Quote, Profile, Research) within a fortnight, and an announcement could be made as early as this week, Britain's Observer newspaper reported on Sunday.

Germany's RWE (RWEG.DE: Quote, Profile, Research) and Iberdrola (IBE.MC: Quote, Profile, Research), the remaining two bidders, have not formally withdrawn from the auction. However, this weekend sources said that it would be unlikely that either would now table a firm offer for the nuclear generator.

An EDF bid for British Energy all but kills the chance that the French firm will try to buy Iberdrola, analysts say.

TELEFONICA (TEF.MC: Quote, Profile, Research)

Mexican billionaire Carlos Slim, who controls Mexico's dominant fixed-line telephone operator Telmex (TELMEXL.MX: Quote, Profile, Research) (TMX.N: Quote, Profile, Research), is interested in investing in Spain's telecommunications market, he said in an interview with newspaper El Pais on Sunday.  Continued...

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