-- Oil and gas giant Equinor (EQNR.OL) sold an 8.07% stake in renewable energy company Scatec (SCATC.OL) for 1.6 billion Norwegian kroner.
The transaction comprised 12.9 million Scatec shares priced at 125 kroner apiece, according to two separate releases published on Tuesday.
Following the transaction, Equinor now holds 8.05% shareholding in Scatec.
UBS on Monday downgraded Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA.MC) to a neutral rating from buy and reduced its price target to 20.50 euros from 22.30 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Barclays on Monday upgraded Swiss bank UBS Group (UBSG.SW) to equal weight from underweight and increased its price target to 34 francs from 33 francs.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Riyad Capital on Sunday downgraded Saudi oil and gas drilling company Ades Holding (SASE:2382) to neutral from buy, while keeping its price target at 21 Saudi riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)