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Ibex

PharmaMar2

Ibex, Markets, Spanish economy 24th September 2020

PharmaMar Debuts This Week In An Ibex With 34 Stocks

On Monday, PharmaMar joined the Ibex 35, the main Spanish stock market index. It will will be composed of 34 stocks until October 19th, following the exclusion of MásMóvil after Lorca Telecom Bidco’s takeover bid. The Ibex 35’s Technical Advisory Committee unexpectedly announced on 10 September that PharmaMar would replace Ence in that index. Since then, the company’s share price has risen by more than 17% to 103.8 euros at last Friday’s close, recovering its July levels.

Banco Santander fulfills its commitment to shareholders and raises cash dividend by 3%

Ibex, Markets, Spanish economy 23rd September 2020

Santander’s Cash Dividend Of €0.1/Shr For 2021; €0.1 In Shares As A Complementary Dividend For 2019

Banco Santander’s board has agreed to hold the next general shareholder meeting on October 26-27. In line with what was announced in July, there will be a request to approve a bonus capital increase to distribute new shares equivalent to 0.10 euros per share as a complementary dividend for 2019. It would be paid this year and bring the total remuneration for 2019 to 0.20 euros per share, equivalent to a 40% payout.

ibedrola renewables

Ibex, Markets, Spanish economy 23rd September 2020

Iberdrola To Develop The Still Inmature Japanese Offshore Wind Market

Iberdrola is targeting the Japanese market as a new platform for growth in renewable energy, specifically in the field of offshore wind. It has signed a deal with Macquarie’s Green Investment Group to acquire 100% of the local developer Acacia Renewables, which currently has two offshore wind farms under development, with a combined capacity of up to 1.2 GW. The operation will allow Iberdrola to position itself in the early development stage of Japan’s offshore wind market.

CaixaBankia

Ibex, Markets, Spanish economy 18th September 2020

Green Light For The Largest Bank In Spain: Caixabank Will Hold 74,2%, Bankia 25%; The State To Retain 16%

Last night the boards of Bankia and Caixabank approved its merger. The operation, which will retain the CaixaBank brand, is structured as a merger of Bankia into CaixaBank. The combined entity’s total assets will exceed €664 Bn, a volume that will make it the largest bank in the domestic market, with an important position at a European level and a market capitalisation of over €16 billion. The management aims at a target of 770M euros of cost savings and revenue synergies of €290M.

Bankia-BMN merger

Ibex, Markets, Spanish economy 16th September 2020

Bankia To Reach Highest CET1 In Spain After Changes To Assess Its Retail Mortgage Line Regulatory Capital

Bankia has been authorized by the ECB to change the parameters used for its calculation of credit risk linked to its retail mortgage business, according to a statement it published on market regulator CNMV’s website on Tuesday. This will allow Bankia to lift its CET1 capital ratio to 160 bp from 13.27% to 14.87%, the highest among Spanish banks as well as could favor the bank in the merger process with CaixaBank.

inditex all

Ibex, Markets, Spanish economy 16th September 2020

Inditex Returns To Profitability And Generates €734 M Net Cash In The Second Quarter

Inditex has seen a “rapid recovery” in the second half of its fiscal year 2020-2021, after returning to profits of 214 million euros in this period (between 1 May and 31 July), and leaving behind the loss of 409 million euros in the first three months. Sales recovered from -44% in the first quarter to -31% in the second quarter, despite as many as 87% of the Group’s stores still being closed in May. Today, 98% of Inditex’s stores are open, with restrictions still in place in some specific markets.

Aena

Ibex, Markets, Spanish economy 14th September 2020

Spanish Airport Traffic Continues At Very Depressed Levels: 69.6% Drop In August

The airports in the Aena network closed August with 8,951,753 passengers, 69.6% fewer than in the same month last year, along with 142,962 aircraft movements, 39.1% fewer than in August 2019, and 59,819 tons of freight, 28.6% lower. Out of the total number of passengers recorded in August, 8,909,752 were commercial passengers with 4,838,712 on domestic flights, 41.6% less than in August 2019, and 4,071,040 on international routes, down by 80.7%.

banco sabadell palmeras

Ibex, Markets, Spanish economy 10th September 2020

Sabadell Is Considering Options To Defend Itself From The Effects Of The Caixabank-Bankia Merger

Banco Sabadell has been left hanging after the announcement of the merger between Bankia and CaixaBank. For months there had been talk of a combination of Sabadell and Bankia as the most promising concentration operation in the sector. Now, however, this possibility has vanished and the Catalan bank would be assessing different options to protect its interests.

Naturgy

Ibex, Markets, Spanish economy 8th September 2020

Naturgy Increases Its Current Presence In Australia By More Than 50% With Two New Contracts

Naturgy signed last week with Snowy Hydro its first energy sales contract with a retailer in Australia to build a 218 MW wind farm in Victoria. Some days later, the company has increased its presence in the country with the award by the Australian Capital Territory of 107 MW wind farm and a battery energy storage system of 20 MWh. With both operations, Naturgy doubles its presence in the region, reaching a renewable capacity of near 600 MW and becoming the Top-3 independent wind energy producer.