CAF has secured a contract in France for the rehabilitation of regional trains for 121.3 M€. According to the train builder, CAF was awarded the contract to rehabilitate 43 regional trains in France, which form part of those offering services in metropolitan Paris and the rest of the Île-de-France region, for a total of 121.3M€.
SPANISH SMALL & MID CAPS
The collapse of DIA in the last three months has put an end to its adventure in the Spanish stock market, where it began to be listed in 2011. From Monday, Ence Energia and Celulosa is replacing the supermarket chain in the Ibex 35.
Unicaja Banco and Liberbank have acknowledged this Wednesday preliminary contacts for a possible corporate operation without, for now, having taken any decision. If the operation is carried out, the resulting bank would be the sixth largest in assets overtaking Bankinter and could achieve cost synergies of around 200 million euros (50% of the base costs of Liberbank in 2018).
Shares of Solarpack, a company specialized in the construction and maintenance of photovoltaic power plants, based on the Basque country, started trading on Wednesday, at the Bilbao stock exchange. Solarpack announced that the book-building process for the initial offering of its ordinary shares has been completed with an offer price of €8.3 per ordinary share and an offering size of €100 M.
According to the company´s report to the regulator (CNMV), Gestamp had net profits of 163 million euros up to September, which is a 7% increase on the same period in 2017. The company had an income of 6.15 billion euros between January and September, 2.5% more than in the first nine months of last year, and 8.9% at constant currency rate.
Merlin Properties, one of the main property companies listed in the Spanish stock market, is studying creating alliances to buy part of the property portfolio of El Corte Inglés, Spain’s biggest retail group, which amounts 94 assets. The value of the portfolio is around €17.2 Bn, of which €15 billion euros are points of sale.
The Board of the supermarket chain DIA has issued a profit warning because of the fall in the volume of sales and the increase in operating costs, which has caused it to revise its estimation of Ebitda for 2018 to between 350-400 million euros. This reduction of the forecast for 2018 does not include the potential impact of hyperinflation in Argentina, a country which accounts for 15% of sales.
Cepsa’s single shareholder, Mubadala (Abu Dhabi Sovereign Fund), expects to raise up to 2.019 billion euros for the capital of the oil company put up for sale, which implies a value for the company in the range of 7.010 – 8.085 billion euros (more than 11.2 billion euros if the debt is included).
The Spanish stock market regulator (CNMV) has confirmed its authorisation for the bid of Minor Hotels for the 53.75% of the capital which it still does not control in NH Hoteles (NHH), fixing the purchase price at 6.3 euros per share and valueing the Spanish hotel company at some 2.5 billion euros. Minor now has a period of five working days to disseminate the offer.
The King of Saudi Arabia, Salman Bin Abdulaziz Al Saud, has officially inaugurated this Tuesday the high speed railway (AVE) from Mecca to Medina. This is considered the major infrastructure Project by Spanish companies abroad. According to the consortium of companies building the railway, the price of the project has already risen to 7.1 billion euros.