<div id="readability-page-1" class="page">April 7 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: PUIG Puig and Estee Lauder are holding talks in New York this week over a potential 35 billion euro merger via a takeover of Puig by Estee Lauder ( EL ), with governance, share exchange and voting rights the key hurdles, Spanish newspaper Expansion reported on Tuesday, citing market sources. IBERDROLA Iberdrola said on Monday its subsidiary Scottishpower Energy Networks launched a programme of over 13.7 billion euros to modernise Scotland's electricity network. INDRA Indra said on Monday it secured its first radar contract with the Royal Thai Navy. INSUR Insur said on Monday it expects 2026-2030 net profit of up to 195 million euros, as it presented its new strategic plan. SABADELL, TELEFONICA, AENA, CELLNEX BlackRock has raised its stakes in Sabadell, Telefonica, Aena and Cellnex, reinforcing its bullish bet on Spanish equities amid Middle East tensions and dividend catalysts, and cementing its position as Sabadell's largest shareholder, Spanish newspaper Expansion reported on Tuesday. TELEFONICA Spain's competition watchdog has dismissed Vodafone Spain's complaint alleging an &#34;implicit exclusivity&#34; deal between Telefonica's Movistar+ and the streaming service Disney+, saying there was no evidence of anti-competitive conduct, Spanish business daily elEconomista reported on Tuesday. For today's European market outlook double click on. For real-time moves on the Spanish blue-chip index IBEX please double click on For IBEX constituent stocks highlight .IBEX in the command box and press the F3 button on your keyboard For latest news on Spanish stock moves double click For Spanish language market report double click on For latest Eurostocks report please double click on (Gdansk Newsroom; Gdansk.newsroom@thomsonreuters.com +48 58 769 66 00)</div>

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On April 7, Spanish stocks may be influenced by various reports: PUIG is in talks with Estee Lauder for a potential €35 billion merger; IBERDROLA's Scottishpower Energy Networks launched a €13.7 billion modernization program; INDRA secured a radar contract with the Royal Thai Navy; INSUR expects a net profit of up to €195 million for 2026-2030; BlackRock increased stakes in Sabadell, Telefonica, Aena, and Cellnex; and Spain's competition watchdog dismissed Vodafone's complaint against Telefonica regarding exclusivity with Disney+.

Spanish stocks - Factors to watch on April 7