Santander’s stock price has recovered its highs prior to the summer of 2015, a period marked by deflationary pressures and political events. Alphavalue’s view is that the market is losing its fear of the bank which, up to now, has been underperforming its sector at a European level, particularly in the second half of 2015.
Sacyr announced yesterday that it will pay a scrip dividend, so that shareholders can choose between a cash payment of €0,052 per share or receive one new share for every 48 currently available.
Basque wind turbine manufacturer Siemens Gamesa will supply the turbines for Cepsa’s first wind farm in Jerez de la Frontera (Cádiz), the company said on Tuesday.
For 2018, analysts’ consensus is fundamentally betting on cyclical Ibex stocks, based on a scenario of markets’ revaluation both in the Europe and in the US. Selected constructors and defensive stocks are also on the radar.
After the market’s close yesterday, NH Hoteles sent a statement to the Stock Market Regulator (CNMV) in which it informed of the board’s unanimous decision to reject the merger proposal made by Barceló on November 20.
Siemens Gamesa has won a new contract to install 125 wind turbines, with a total capacity of 262 MW, in the Gulf of Suez wind park in Egypt. It is the company’s biggest contract in the country to date.
According to a statement lodged with Spain’s Stock Market Regulator (CNMV), Gas Natural has completed the first stage of the sale of 59.1% of its stake in its Colombian affiliate Gas Natural SA ESP.
The planned IPO of Neoenergia, the biggest electricity company in Brazil and leader in Latin America by number of clients, with 13,4 million, has not gone ahead. The firm is the result of the merger between Iberdrola’s subsidiary Neoenergia and Elektro.
A consortium led by Acciona has been awarded an 800 million euros water management contract in Veracruz (Mexico) for a 30-year period. With this contract, apart from boosting its presence in Mexico where the company has been operating for 40 years, Acciona will increase its experience in the country’s water sector.
Repsol is doing very well at the moment. And in fact, it has been selected as the best exploration and production company in 2017 by Platts Global Energy Awards. During H1’18 Repsol will present its new 5-year strategic plan. The most interesting part will be the so-called “third leg”, describing the firm’s vision of the future.