Net value of Santander new real estate company reaches €2Bn
Alphavalue | Santander bank just created the Company Landmark Iberia to transfer all the land assets it has due to its exposure to the housing market.
Alphavalue | Santander bank just created the Company Landmark Iberia to transfer all the land assets it has due to its exposure to the housing market.
Alphavalue | The energy multinational Naturgy in the period 2018-2019 will invest a total of 955 M€ in the development of rentable Energy in Spain, which will make the company increase this year 82.8% its installed potential in renewables compared to 2018. In an interview with Efe, the director of Naturgy Renewable Development in Spain, Carlos González Samano, has said that “the details of these investments will be substantiated in…
Link Securities | The President of Enagás, Antonio Llardén, qualified last week´s agreement with Blackstone to enter the US market as a historical milestone for the Spanish company in putting Enagás on the global chess board of gas infrastructure.
Alphavalue | The Spanish constructor revealed on Friday the traffic figures for February. Heathrow airport had 1.48 M passengers in February, an increase if +1.7% yoy.
Renta 4 | Telefónica has announced the result of the repurchase of the 2 hybrid bonds which it issued on 5 March. The nominal aggregate value which Telefónica will accept to purchase the bonds has reached 934.7 million euros, of which 586.5 million euros corresponds to the bond with maturity in December 2019 and 348.2 million euros with maturity in March 2020.
Santander | The publication of the 2018 results have practically finished, and Europe´s company profits have shown their resilience in a global scenario dominated by the uncertainty generated by the fear of a “trade war”, volatility in emerging markets, currency weakness, Brexit, the increase in populism in the South of Europe…
One day before the General Shareholders’ Meeting, the former president of BBVA announced on Thursday by letter that he is temporarily leaving the positions that bind him to the entity (he is the honorary president of the bank and the Foundation) until the end of the investigation of the Villarejo case, in which BBVA is related to a supposed espionage of politicians, businessmen and journalists when González occupied the presidency.
Endesa and Iberdrola will next month begin to receive the first gas tankers from the Corpus Christi gas liquefaction plant, after this installation received the necessary permits for putting into function its first convoy. In this way, both Spanish companies put in action agreements of above 10 billion euros for the purchase of gas over the next 20 years.
Abertis will pay an extraordinary dividend of approximately 10 billion euros, of which ACS will receive approximately 4 billion euros, and this will allow it, in turn to improve its dividends. Abertis has announced to its shareholders – Atlantia (50%), ACS (30%) and Hochtief (20%) – the distribution of an ordinary dividend between 2018 and 2020 of 2.675 billion euros (891.6 million euros per year).
Iberdrola’s shares have exceeded 10 year maximums with a satisfactory evolution of +24% since the October lows. Analysts at Alphavalue highlight the good balance between the firm’s diverse businesses and the lower intensity in the consumption of CO2 rights.