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Good news at last for Madrid Stock Market

By John Smith • Published: 30 Oct 2020 • 12:36

THE Murcia based manufacturer of solar-panel parts Soltec Power Holdings SA was welcomed by investors when it launched on the Madrid Stock Market with its initial flotation being oversubscribed and seeing an immediate jump in value.

Based on share price, the company is valued €440 million and with Spain ready to use part of its European Union financial support to increase green energy production.

Analysts not only see this as an opportunity for Soltec but welcomed some good news after many shares have fallen or been delisted.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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