Iberdrola is sounding out possible acquisition opportunities in the European energy sector and Innogy is on its radar. According to financial sources, the Spanish firm could be interested in launching a bid for the German utility company.
Siemens Gamesa will increase the annual amount of energy produced at the wind farms of NextEra Energy Resources in Texas (US) by up to 25%. As a result, it will boost their profitability and efficiency, as well as extend their useful life, the company said.
Telefonica has informed the Stock Market Regulator (CNMV) that it has reached an agreement with the Colombian government to hike capital for a total of €1.840 billion at its affiliate operating in the country, which is one of the main ones in the group. The reason for the capital increase is the debt the parent company has with the company which manages the pension funds.
Sonia Ruiz de Garibay (GVCGaesco) | Although a simultaneous investment recommendation for oil and airline stocks might seem a contradiction in terms, the fact they are both heavily influenced by oil prices gives them a very important element in common. Oil is an earning driver for the oil industry, while for the airlines sector it is an important costs’ element, accounting for over 20% of the total. Repsol and IAG are currently good bets.
Carax Alphavalue |Santander has made a very strategic move with its recent acquisition of ailing lender Banco Popular, refocusing on its business in Spain as economic growth accelerates. And it’s stock market performance is reflecting this positive story.
Almost 10 years after the big property bubble burst, Spain is once again showing how emotional it can get it with bricks and mortar in all its forms. And emotional is the word, because the ‘revival’ of the real estate sector – something which nobody was betting on three or four years ago – is so spectacular that not a day passes when there is not some sort of euphoric news emerging about it. Of course figures are figures and these are more than amazing. If we focus on the Socimis, the protagonists of the property market in this current phase, the truth is the numbers are really impressive.
Mari Pinardo | Banco Santander reached an agreement on Tuesday to sell US private equity firm Blackstone a majority 51% stake in 30 billion euros of soured property assets and loans it inherited when it bought ailing lender Banco Popular in June.
Despite the risks which some people have highlighted with regard to Santander’s absorption of Popular, neither analysts nor investors seem to have been spooked by the massive rights issue launched by Santander last Friday. All in all, it seems the acquisition could be described as something of a dream deal.
Fernando Rodríguez | In just three years real estate firm Colonial moved from being on the brink of bankruptcy to the preferred stock to capitalize the announced and definitive recovery of the property sector. After joining the Ibex35 and changing into a Socimi, the company’s appeal to investors has increased.
The construction company is studying a possible counter-bid for Abertis in order to improve Italian Atlantia’s offer price of 16.5 euros, but no decission has been made yet even though the Spanish Securities and Exchange Commission CNMV has already been notified.