Gestamp, the multinational company specialising in the design, development and fabrication of highly engineered metal components for the car industry, has recently inaugurated its new plant in Wolverhampton, in the West Midlands (UK). In fact, Gestamp counts with seven production plants in the country. Since 2012, the company has invested more than 200 million pounds in its installations in the UK.
SPANISH SMALL & MID CAPS
Cepsa will be launched onto the stock market in the last quarter of the year through an IPO. Valuations are being discussed in the range of 10 or 11 billion euros for 100% of the company. The Abu Dhabi sovereign fund (IPIC) bought 100% of Cepsa in 2011. At that stage Cepsa was listed in the stock market for approximately 7.5 billion euros.
Last Friday the expected news arrived of the interest of Hyatt Hotels Corp in the Spanish hotel chain. The Chicago based company showed its interest in acquiring NH Hotels, through an alternative (or negotiation money) for the shareholders of NHH to the existing offer of Minor. But just as the offer arrived, it has evaporated and yesterday Hyatt stepped back from its counter bid for NHH.
Acciona will construct a desalination plant in Saudi Arabia with a daily capacity of 210,000 cubic metres, having won the contract worth more than 200 million euros with the Saudi public company Saline Water Conversión Corporation (SWCC).
Current week the Thai Minor International, parent of Minor Hotels, presented to Spanish stock market regulator CNMV its application for authorization of a 100% takeover bid for NH Hotels with the same terms and conditions of the previous announcement of the bid published in the CNMV 11 June.
Parques Reunidos buys “Wet n Wild” water park in Australia for 25 million euros, plus variable compensation depending on income. The operation makes sense to drive the internationalization of the company, currently present in Europe, the US, Asia and the Middle East.
New Telefonica’s commercial brand in Spain O2 will aim to cover all segments of the low and medium cost market where the entry of Masmovil has caused competition. Masmovil gained 201,000 new lines in April, while Telefonica gained 1,200 new connections, Orange lost 1,900 lines and Vodafone 4,500.
Sacyr did well out of the housing bubble in Spain: its Ebitda was multipled by 2.9 between 2001 and 2007. Now the new Sacyr is building its business around concessions, aiming to mimic the business models of the French companies Vinci and Eiffage.
Renfe could be working on opening an office in the US to pursue opportunities to enter the passenger train market. The initiative is part of the public operator´s internationalisation strategy, aimed at securing new sources of income in case of possible losses in the Spanish market when passenegr traffic is opened to competition in 2020.
DS Smith has lodged a bid for Spanish paper and packaging company Europac, valuing the latter at 1.9 billion euros. The UK firm has offered 1.667 billion euros for 100% of Europac’s capital (16,80 euros/share).