European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Event-Driven

<ul>
<li>ABF’s structural review could separate Primark from Food, unlocking value through clearer governance and capital allocation focus.</li>
<li>Our SOTP yields £26/share base case, implying ~17% upside to current price.</li>
<li>Event-Driven setup favours long ABF vs discretionary peers into April 2026 review conclusion.</li>
</ul>


ABF’s structural review could separate Primark from Food, unlocking value through clearer governance and capital allocation focus.
Our SOTP yields £26/share base case, implying ~17% upside to current price.
Event-Driven setup favours long ABF vs discretionary peers into April 2026 review conclusion.


ABF - Primark Separation: Governance Reset or Value Catalyst?

Associated British Foods

ABF - Primark Separation: Governance Reset or Value Catalyst?