Abengoa, Endesa, Sonae, Teixeira Duarte: Iberian Equity Preview

By Brian McGee

Nov. 20 (Bloomberg) -- The following companies may have unusual price changes in Spain and Portugal. Stock symbols are in parentheses and share prices are from the previous close.

Spain's IBEX 35 Index fell 3.7 percent to 8,211.50 and Portugal's PSI-20 Index dropped 3.2 percent to 6,272.11.

Spanish stocks:

Abengoa SA (ABG SM): The Spanish engineering company branching into renewable energy said it may sell its stake in computer-services company Telvent GIT. The shares declined 46 cents, or 4.1 percent, to 10.74 euros.

Endesa SA (ELE SM): Pedro Larrea, the head of Latin American operations at Spain's largest producer of hydro and nuclear power, speaks at the Latibex conference in Madrid. Shares of Endesa slipped 58 cents, or 2.4 percent, to 23.19 euros.

Portuguese stocks:

Mota-Engil SGPS SA (EGL PL), Teixeira Duarte-Engenharia e Construcoes SA (TDU PL): Portugal's National Statistics Institute reports on third-quarter construction orders. Mota-Engil, the country's biggest builder, fell 4 cents, or 1.6 percent, to 2.53 euros, and rival Teixeira Duarte declined 3.5 cents, or 5.2 percent, to 64 cents.

Sonae SGPS SA (SON PL): Belmiro de Azevedo, chairman of the Portuguese investor in retail businesses, is scheduled to attend a conference on innovation. The stock fell 2.1 cents, or 4.6 percent, to 43.9 cents.

To contact the reporter on this story: Brian McGee in Madrid at bmcgee3@bloomberg.net