JPMorgan disclosed a 3.015% position in Naturgy, comprising 2.894% in shares and 0.121% through financial instruments, valued at about €856 million at current market prices. The stake was reported on November 2, the final day to buy shares qualifying for Naturgy’s €0.60-per-share dividend; JPMorgan’s shareholding could therefore earn about €16.5 million gross. Naturgy paid €582 million in the dividend and plans total 2026 remuneration of €1.80 per share. The disclosure adds JPMorgan to a shareholder base led by CriteriaCaixa (28.5%) and IFM (15.5%), following the exits of CVC and GIP, and is characterized as a financial rather than control-oriented investment.

Moeve has agreed to transfer its stakes in the non-operated RKF, BMS and Ourhoud hydrocarbon fields in Algeria's Berkine Basin to PT Pertamina Algeria Eksplorasi Produksi, subject to customary conditions and Algerian approvals; the sale price was not disclosed. Moeve has begun a collective dismissal process covering its roughly 100 Algeria-based employees, with negotiations expected to start on November 12 and the company aiming to conclude the matter by year-end. Some workers may be retained by Pertamina, while Moeve has also offered opportunities to relocate to Spain or other business divisions. Employees believe the sale and continued operation of the fields may depend on agreeing acceptable departure terms. Moeve says it remains interested in Algerian opportunities in renewables, green hydrogen and related industries.

Danone plans to expand its Tres Cantos factory to produce high-protein fermented dairy products, responding to rising consumer demand. The Community of Madrid designated the project as being of special interest, speeding up its approval process. The expansion is expected to create 22 jobs, process about 90,000 additional tonnes of milk annually, and produce around 30,000 tonnes of high-protein products, alongside an estimated 15,000 tonnes of concentrated acidic whey. Danone expects the plant’s total production to reach up to 165,000 tonnes annually by 2028. The project includes new processing, fermentation, protein-concentration, whey-treatment and packaging facilities, and is intended to strengthen the plant’s role in the company’s European production network and export capacity.

Dcoop and Acesur have agreed to acquire Deoleo for €520 million, but the sale remains subject to regulatory approvals in Spain and the United States and to Italian review of foreign investment. Italy's Golden Power law can impose conditions or block transactions affecting strategic interests, including certain agro-food activities, giving unsuccessful bidder Coricelli a possible route to challenge the deal. Deoleo's Italian brands and operations could draw scrutiny, although the parties consider a veto unlikely: Italy would need to demonstrate a specific threat and act proportionately within EU rules. Deoleo expects approvals to take six to eight months; a separate escrow arrangement of up to €80 million covers a tax contingency involving Carapelli Firenze.

Hochtief, ACS’s German subsidiary, completed its acquisition of all of Autmatec on October 5, 2026, paying €130 million in cash, excluding €21 million in loans to be repaid. The Walldorf-based company provides services for overhead electricity transmission lines, giving Hochtief a foothold in a sector expected to benefit from grid modernization and expansion. The deal follows German antitrust approval and comes as the government prepares a €500 billion infrastructure investment fund, including funding for energy infrastructure. Hochtief also reported a 40% rise in operating net profit to €752 million for January–September, revenue growth of 14%, and a record order backlog of nearly €90 billion.

Spain’s CNMC reduced Red Eléctrica’s 2025 performance incentive from a possible €1.544 million to €251,454.84, citing excessive energy programming to resolve grid constraints and errors in demand and renewable-generation forecasts. The operator scheduled 23,209.51 GWh for technical constraints, more than twice the regulator’s threshold for the maximum penalty. After the April 2025 blackout, Red Eléctrica increased reinforced operations, relying more heavily on conventional generation, particularly gas-fired plants. Grid adjustment-service costs rose 43% in 2025, while technical-constraint costs increased 63%. PwC attributed part of the increase to post-blackout operations; Red Eléctrica said reinforced operations cost €516 million from May to December 2025 and stressed that security-related constraints are necessary. The company estimates technical-constraint costs have reached €4 billion so far in 2026.

Thiess, the mining-services company within ACS-controlled Cimic Group, has secured a two-year, A$170 million (about €105 million) extension to its contract at Emerald Resources' Okvau gold mine in Cambodia, extending work through 2030. Through its subsidiary MACA, Thiess will continue mine development, drilling and blasting, ore and waste extraction, and related support services. The original contract was awarded in 2020; Okvau has produced more than 500,000 ounces of gold since extraction began. Executives from Emerald, Thiess and Cimic praised the partnership, emphasizing safe and efficient operations, local skills and employment, and long-term value for customers and communities.

ACS, through its CIMIC and Leighton Asia subsidiaries, has won a contract to build a data center in Hyderabad for a multinational technology company. The project comes as India plans to add 3,860 MW of data center capacity by 2030, requiring approximately $29.9 billion in development investment. Hyderabad is emerging as a major secondary market alongside Mumbai, Chennai and Delhi NCR. The growth of cloud computing and artificial intelligence is increasing demand for high-capacity facilities while creating challenges involving electricity supply, cooling, connectivity and sustainability. ACS’s experience in Asian digital infrastructure positions it to benefit from India’s continued expansion.

OHLA has begun a formal process to explore the sale of its Czech subsidiary, OHLA ŽS, one of the country’s largest construction companies. The group has reportedly engaged external advisers, including Société Générale and Komerční banka, but no buyer, timetable or valuation has been disclosed. OHLA says the potential divestment would support its debt-reduction and financial-strengthening strategy. The move comes as the company deals with legal liabilities in New York and Qatar, while its first-half 2026 net attributable profit improved to €0.5 million from a €29.7 million loss a year earlier.

Amazon has awarded Vodafone Spain the contract for more than 4,000 mobile lines used by its Spanish workforce, replacing Telefónica as the mobile provider. The agreement expands Vodafone’s existing role in supplying Amazon’s fixed connectivity and includes international roaming terms designed to control voice and data costs. The deal gives Amazon a unified communications model for its employees, offices and operational centers, while strengthening Vodafone’s enterprise division and its strategy of growing through digital services for large companies, SMEs and public administrations.