The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
Letterone, the investment fund of Russian tycoon Mikhail Fridman, on Friday said its takeover bid was accepted by 29.36% of the capital of the Spanish retailer DIA.
It also said that taking into account the shares it already owned it represented a 58.36% of the issued share capital of DIA.
Telepizza said it planned to delist shares from the Madrid, Barcelona, Bilbao and Valencia stock exchanges following the takeover bid by an investment vehicle owned by private equity company KKR
JP Morgan raised its target price to 7.6 euros from 7.1 euros previously.
JP Morgan raised its recommendation to ‘overweight’ from ‘neutral’ and its price target to 6.1 euros from 5.25 euros.
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