Antena 3, Brisa, Repsol, Telefonica: Iberian Equity Preview

By Sharon Smyth

Sept. 21 (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 added less than 0.1 percent to 11,777.30 and Portugal’s PSI-20 Index declined 0.4 percent to 8,425.61.

Spanish stocks:

Repsol YPF SA (REP SM): Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, isn’t considering a bid for Repsol’s assets in Argentina, Petrobras Chief Executive Officer Jose Sergio Gabrielli told reporters Sept. 18 in London. Repsol shares fell 5 cents, or 0.3 percent, to 18.77 euros.

Telefonica SA (TEF SM): Spain’s largest telecommunication company has agreed to purchase Antena 3 de Television SA’s television-production unit, the Wall Street Journal reported citing an unidentified person familiar with the situation. Telefonica retreated 17 cents, or 0.9 percent, to 18.62 euros. Antena 3 (A3TV SM) was unchanged at 7.86 euros.

Portuguese stocks:

Brisa-Auto Estradas de Portugal SA (BRI PL): Portugal’s biggest highway operator said it doesn’t plan to buy new shares being sold by Brazilian toll-road operator Cia. De Concessoes Rodoviarias. The capital increase that CCR plans to carry out will not be subscribed by the Brazilian company’s controlling shareholders, which include Brisa, according to a regulatory filing.

Brisa rose 3.1 cents, or 0.5 percent, to 6.65 euros.

To contact the reporters on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net;