The IBEX 35 has begun the day on Friday with an advance of 0.98%, standing at 13,308.4 points shortly after the opening, in a session marked by the business results and the international context. The Madrid selective chains a new day in positive and approaches the maximum of the year.
The initial prominence has fallen to Mapfrewhich has triggered more than 6% after presenting its first quarter accounts. The insurer has registered a net profit of 276 million euros between January and March, which represents an increase of 27.6% compared to the same period of 2024.
In the corporate field, Indra has returned to the media focus after knowing that he has hired KPMG to study a possible fusion with Mechanical & Engineering (EM & E). The news has caused a strong stock market penalty for technology, which led the selective falls with a 3.7%setback.
For its part, the Puig Board of Directors will vote on its General Shareholders’ Meeting (scheduled for May 28) the distribution of a dividend of 0.3768 euros gross per share, which will be paid as of June 12. The fashion company, perfumes and cosmetic has starred in one of the most relevant stock exchange premieres of the year in Europe.
Internationally, China has denied the existence of ongoing negotiations with the United States about its tariff dispute, describing as “false” the statements of US President Donald Trump, who had assured that both countries maintained “daily contacts.”
From Spain, the Minister of Economy, Commerce and Company, Carlos Body, wanted to reduce the tension by stating that the European Union “is not in a red line” regarding the tariffs imposed by the Trump administration, and has indicated that there is “willingness to agreement on both parties.”
In the first measures of the day, together with Mapfre, they also stood out for their ferrovial advances (+3.16%), IAG (+1.89%) and Unicaja Bank (+1.87%). On the opposite side, Indra, Cellnex (-0.11%) and Redeia (-0.05%) were placed among the most punished values.
The main European stock markets also opened in positive land: Paris rose 0.82%, Milan 0.67%, Frankfurt 0.51%and London 0.19%.
In raw material markets, the price of Brent barrel rebounded 0.42%, up to $ 66.83, while Crude Texas rose 0.54%, to $ 63.13.
In the currency market, the euro earned positions against the dollar, reaching $ 1,1352. For its part, the interest of the Spanish Bonus to ten years rose to 3,101%.
The fall of Indra
The actions of Indra They started the day on Friday with a setback of 1.1%, until they were at 27.26 euros per title, thus heading the losses of the Ibex 35. Minutes after the opening, at 9:15 hours, the descents intensified and the technological titles were left about 4%, quoting in the 26.56 euros.
The stock market punishment comes after knowing that Indra has hired the KPMG consultant to study a possible fusion with a mechanical scribe & Engineering (EM & E), an operation that, for the moment, does not have the explicit approval of the other part. In fact, EM&E sources say the company “is not for sale,” according to Europa Press.
Em & e is the second largest shareholder in Indra, with a 14.3% participation, only behind the State, which, through the State Society of Industrial Participations (SEPI), controls 28% of the capital.
The operation also has a corporate reading: the president of Indra since January 19 is Angel Escribano, who holds 50% of EM & e. The other half is in the hands of his brother, Javier Escribano, current president of Escribano Mechanical & Engineering.
In this context, the Spanish multinational has launched a process of ‘Due Diligence’ to analyze in depth the viability of a possible merger with EM & e, in an operation that, if specified, would significantly alter the acting and strategic map of Indra.
