Bets confirmed: the logistics sector gains another player as Logista expands its reach. The company has stepped into the industry landscape, signaling a strategic move that replaces PharmaMar in certain market calculations. The Technical Advisory Committee approved an exemption, noting that Logista, led by Iñigo Meirás, has surpassed 0.30% of the selector’s average capitalization over the last six months. This marks PharmaMar’s second consecutive regulatory violation in this context. Logista reports a turnover of 153 million euros with a free float of 40%. Consequently, PharmaMar exits the Ibex 35, a change that previously occurred when Ence replaced it in September 2020 after PharmaMar’s earlier inclusion two years prior.
In what is described as a notable annual shift by the CAT so far this year, the market has seen a series of reclassifications. Following the inclusion of Acciona and Sacyr by the outgoing Almirall and Cie Automotive in June, Logista emerged as a favored candidate among analysts. As of December 9, its market capitalization stood at 3,151,485 million euros and has continued its upward trajectory in recent years. The share price sits at 23.72 euros. Through the first nine months of the year, revenues reached 11,464 million euros, with a gross profit of 1,235 million euros, a 4.7% rise year over year, contributing to a six percent increase when measured against the prior year through September.
Logista belongs to the largest cluster of logistics operators operating in Southern Europe. Ownership is led by Imperial Brands, the British tobacco company, which holds about 50.008% of Logista. The remaining stake is distributed among major investors, including Fernando Masaveu Herrero, who controls roughly 3.258% of the residual capital, and Fidelity Management and Research, a U.S. wealth management and pension fund, with about 3.018% ownership. The composition remained dynamic across 2022 as deals and restructurings shaped the holding pattern.
The company completed a period of transformative acquisitions in 2022, expanding regional and service coverage. Speedlink Worldwide Express, a Dutch express-delivery specialist, came under its umbrella with a 70% stake. Logista also acquired 60% of the Murcian firm Transportes El Mosca for approximately 106 million euros, strengthening its position in food transport and logistics. Additionally, 100% ownership was gained of a leading food logistics specialist, marking a broadening of its food supply chain capabilities. In this wave of consolidation, Logista exited Grupo Carbó Collbatallé, reconfiguring its portfolio to emphasize end-to-end logistics solutions.
Siemens Gamesa, Vidrala or Viscofan as potential Ibex 35 entrants
The next notable change involves Siemens Gamesa, which is set to depart Ibex 35 following a voluntary takeover offer from its principal shareholder, Siemens Energy. The expected completion date for the OPA acceptance period is December 13. Once the results are publicly confirmed, the committee will remove the stock from the Ibex 35 the following day and may convene in an extraordinary session later in the month to decide whether Siemens Gamesa will be reintroduced or replaced.
Analysts are watching potential entrants closely. Cie Automotive, Vidrala, and Viscofan are among the likely candidates for inclusion. Other names, such as Almirall or Unicaja, have surfaced in discussions but must demonstrate stronger business fundamentals before earning a spot on the index. The evolving mix of players reflects ongoing market adjustments and a commitment to representing the most liquid and impactful enterprises in Southern Europe’s leading equity benchmark.