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Ibex

Cellnex Hutchinson

Ibex, Markets, Spanish economy 16th November 2020

Cellnex Buys CK Hutchison’s European Tower Business And Approaches The World Leader American Power

Cellnex has announced it will buy the Hutchinson towers in Europe for 10 billion euros. The operation will be paid partly in shares so that Hutchinson will acquire 5% of the Spanish group. Since its IPO five years ago, this has invested more than 25 billion euros in purchases. This latest operation with CK Hutchinson will position Cellnex with more than 100,000 towers closer to the world leader American Tower. 

pfizer anuncia 1

Ibex, Spanish economy 10th November 2020

The Ibex35 Had The Highest Rise In A Day In The Last Decade After Pfizer And BioNtech Announcement

Banca March | Euphoria yesterday in a good part of the world’s stock exchanges, after the Pfizer-BioNTech consortium announced an effectiveness of over 90% in its prototype of a vaccine against the Covid-19. In Europe, the Ibex 35 took the lead (up 8.5%), as it registered the highest rise in a session in the last 10 years. This excellent news reminds us how quickly the world can change once there is a remedy. And it can favour countries and/or sectors which up to now have been more affected by social isolation.

iberdrola guapis

Ibex, Markets, Spanish economy 9th November 2020

Iberdrola Launches €75 Bn Investment Plan To 2025 As A Commitment To Economic Recovery

90% of this investment volume – €68 Bn – will be organic and will be aimed at consolidating its business model, based on more renewable energy, more networks, more storage and more intelligent solutions for its customers. The rest, €7 Bn, corresponds to the recently announced acquisition of American company PNM Resources. This unprecedented rate of expenditure will represent an average investment of €10 Bn per year between 2020 and 2022, and €13 Bn per year in the period 2023-2025.

fibre optic

Ibex, Markets, Spanish economy 3rd November 2020

Telefonica And Allianz Create A Partnership To Deploy Fibre In Germany Through An Open Wholesale Company

Telefónica and Allianz have reached an agreement for the creation of a joint venture to deploy Fibre-to-the-Home (FTTH) in Germany.Both companies will each hold 50% under a co-control governance model. It will be an independent open-access wholesale operator focused on deploying fibre in rural and semi-rural areas of Germany to tap the potential of Europe’s largest broadband market.

 

Repsol

Ibex, Markets, Spanish economy 28th October 2020

Repsol Leaves Ecuador After The Sale Of Its Assets To Canadian Firm New Stratus Energy For €5 M

Repsol has reached a good intentions agreement with the Canadian company New Stratus Energy for the sale of assets in Ecuador, so that the oil company will leave the South American country, where it has been present for almost twenty years. The deal amounts about $5 M (about € 4.2 M) to be paid in two installments, although there could be additional contingent payments linked to certain circumstances, such as an extension of the service contracts term, which would bring it up to $12 M (about € 10.1 M). 

Cellnex torreta

Ibex, Markets, Spanish economy 26th October 2020

Cellnex Extends Its International Expansion To Poland, One Of The Strongest Economies In Eastern Europe

Following Cellnex’s recent capital increase of 4 billion euros, the company has reached an agreement with Iliad to acquire a 60% controlling stake in the company that will operate Play’s 7,000 telecommunications sites in Poland. The agreement between Iliad and Cellnex is expected to be closed by Q2 2021. It will allow the company to enter a new market and further consolidate its leadership position in Europe, where it will reach 73,000 telecommunication towers.

ACS Cimic

Ibex, Markets, Spanish economy 21st October 2020

ACS’ Australian Subsidiary, Cimic, Sells 50% Of Its Mining Business For €1.25 Bn

Cimic, of which ACS indirectly controls 37% through its Hochtief share, has announced the sale of 50% of Thiess, its mining business, for 1.25 billion euros to the Elliott fund. The price implies an enterprise valuation of approximately A$4.3 billion (based on 100% of Thiess), subject to certain adjustments. According to calculations of Bankinter, the price paid is a multiple of 8.5 times EV/EBIT20, “which is in accordance with the market average for this type of company.”

Aena Indonesia

Ibex, Markets, Spanish economy 20th October 2020

Aena Seeks Paths For Growth Abroad: Pre-Qualified For An Airport In Indonesia

With the summer season over, the fall in traffic at Spanish airports has increased. In September traffic contracted by 79.9% to 5.46 million passengers compared to August – the accumulated drop for the year is -69.7%. However, Aena is trying to open up other growth channels through international expansion. To this end, it has announced it will bid for an airport in Indonesia.

Endesa energy poverty

Ibex, Markets, Spanish economy 16th October 2020

Endesa Proposes Receiving €16 Bn from European Funds To Mobilise €19 Bn In Investments

Endesa has put forward 110 projects eligible for the EU recovery fund. The whole of these projects would mean a total investment of 19 billion euros (53% of its Enterprise Value and 75% of its capitalization). So the company is requesting 16 billion euros (85% of implicit leverage) from the EU recovery funds. Member countries can submit proposals from today until April 30th, 2021.