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Spanish Small & Mid Caps

deoleo

Markets, Spanish Small & Mid Caps 21st April 2020

Deoleo Returns To Profit After Six Years Of Losses, With Ebitda Up 167% In Q1’20

Spanish food company Deoleo, which owns oil brands like Carbonell, saw a 78% increase in its share price yesterday. This came in the wake of the presentation last Friday of its Q1 2020 results. Deoleo reported net profit of 3.4 million euros in the first threee months of the year, compared with a loss of 10.6 million euros a year earlier. These figures represent the company’s return to profit for the first time in six years.

BME Spanishstock exchange

Markets, Spanish Small & Mid Caps 30th March 2020

Next Stage In Six’s Takeover Bid For BME: Spain’s Regulator Approves The Operation

Spanish watchdog CNMV considers that the terms of SIX’s takeover bid for BME have been adapted to current standards, while the contents of the prospectus submitted, after the latest amendments on 25 March 2020, are sufficient. SIX is offering €33.4 per share. The acceptance period is 43 calendar days from the business day following the publication of the takeover announcement. One of the major new features of the transaction is SIX’s commitment to maintaining BME’s activities and locations in Spain for 10 years, as opposed to the initial four years.

renfe america

Markets, Spanish Small & Mid Caps 25th February 2020

Renfe Begins Its Activity In The US With $6,000 M Contract

The agreement between Renfe Operadora and Central Texas reached in 2019 to develop the first high speed ​​project in the US, that will link the cities of Houston and Dallas / Fort Worth, in the State of Texas. The contract will involve a turnover of 6,000 million dollars for the Spanish railway operator, the largest industrial contract of a Spanish company abroad, along with that of the AVE to Mecca.

The challenge for Spanish banks in 2019: improve profit margins, still at historic lows

Ibex, Markets, Spanish Small & Mid Caps 21st February 2020

Spanish banks: less profit, more dividends: M&A on hold (for now)

The credit quality of Spanish banks looks solid, despite the pull-back in reported profits. Solvency ratios sitting comfortably above requirements offer greater leeway for capital distribution and will result in higher returns, benefiting investors, says Scope Ratings. Spanish bank creditors should see the banks’ improved capital-generation capacity as a sign of strength, even if capital ratios have peaked for this cycle.

Saudi Arabia inaugurates the high speed railway from Mecca to Medina

Ibex, Markets, Spanish Small & Mid Caps 20th February 2020

Consortium Sends First Contract Termination Notice Due To New Payments Delay For Mecca AVE

The Al Shoula consortium (Renfe, Adif, Ineco, Cobra, OHL, Indra, Consultrans, Copasa, Siemens, Imathia, Abengoa and Talgo) for the construction and operation of the Mecca-Medina high speed train would have sent a first contract termination notice due to the delay in payment by the Saudi Railway Organization that could amount to about 200 million euros.

fluidra piscina

Markets, Spanish Small & Mid Caps 18th February 2020

Fluidra Acquires 80% Of Australia’s Fabtronics

The agreement with Fluidra values ​​100% of Fabtronics at 18.75 M AUD excluding future earn-outs payments. The price for the purchase of 80% of Fabtronic will be paid out as follows: as of today’s date, an initial payment of 15 M AUD has been made; at the same time, additional earn-outs payments linked to Fabtronics results have been agreed for the next three years. The contract also includes cross sell and purchase options which would allow Fluidra to raise its stake in Fabtronics’ share capital to 100%.