WHAT LIES BEHIND THE 1.2 BILLION LOSS IN MARKET CAPITALIZATION OF GEK TERNA ? THE ANXIETY OF SPANISH SANTANDER AND THE SECRET OF PERISTERIS

What happened: GEK TERNA lost 1.2 billion euros in market capitalization after its share price fell from 48 euros to 38.5 euros, and it postponed a 500 million euro bond issue. Key numbers: Market cap fell 22% from 48 euros to 38.5 euros, a valuation of 4.5 billion euros. Why it matters: The article says investors are concerned about leverage and valuation, and it questions the company's explanation for the bond postponement. It also says Santander's target price undermines the bank's credibility.

GEK TERNA lost 1.2 billion euros in market capitalization after its share price fell from 48 euros to 38.5 euros, and it postponed a 500 million euro bond issue.

The article says investors are concerned about leverage and valuation, and it questions the company's explanation for the bond postponement. It also says Santander's target price undermines the bank's credibility.