IBEX


Caixabank's eyes DB's subsidiary

Caixabank eyeing Deutsche Bank’s Spanish business

Caixabank has informed Deutsche Bank’s management team of its interest in the German bank’s Spanish subsidiary in the event of a sale. The approach was made in 2016, before Deutsche Bank reached an agreement with the US Department of Justice to reduce the fine for selling “subprime” mortgages to $7.2 billion




Iberdrola's growth in US

Iberdrola Warns Of The Risk From Trump To US Renewables’ Growth Plan

Iberdrola has warned  of the risk Donald Trump’s administration poses to renewables’ growth plans in the US. Iberdrola says Trump could freeze or eliminate the CPP (Clean Power Plan) designed by Obama. This envisaged investments of $8.5 billion a year until 2030. But for now, these changes in US policy have not altered Iberdrola’s growth outlook.






abertis1

Abertis reduces its profit by 57.6% after Cellnex’s listing

Abertis improved all its key indicators in 2016 above the company’s expectations: EBITDA rose to €3,240Mn (+20%) and revenue to €4,936Mn (+13%), thanks to the traffic growth and the incorporation of new assets into the consolidation scope. Net profit totalled €796Mn, up 13% in like-for-like terms.