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08:59GMT 16Jan2009
Abengoa gains on Telvent sale report
Shares in Spanish engineering firm Abengoa gain 4.9 percent after a press report of interest by four companies in its Nasdaq-listed Telvent unit.
Abengoa is seeking $1 billion for its 64 percent holding in Telvent, though offers recieved from Indra, Thales, CVC and Cinven are between $600 million and $700 million, Expansion says.
'In our view, Abengoa's target would be highly ambitious, although we do not rule out the bid is finally closed at average peer ratios,' an analyst in Spain says.
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Keywords: MARKETS EUROPE STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stocks on the move Real-time Equity News
08:59GMT 16Jan2009
Abengoa gains on Telvent sale report
Shares in Spanish engineering firm Abengoa gain 4.9 percent after a press report of interest by four companies in its Nasdaq-listed Telvent unit.
Abengoa is seeking $1 billion for its 64 percent holding in Telvent, though offers recieved from Indra, Thales, CVC and Cinven are between $600 million and $700 million, Expansion says.
'In our view, Abengoa's target would be highly ambitious, although we do not rule out the bid is finally closed at average peer ratios,' an analyst in Spain says.
Reuters Messaging rm://tracy.rucinski.reuters.com@reuters.net
Keywords: MARKETS EUROPE STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.