Letterone has finally announced a voluntary offer for all of the shares in Supermarkets DIA which it does not currently control (70.999% of the social capital) at 0.67 euros/share, which represents a premium of 56% over the share price at the close of the market yesterday
The Villar Mir family has received up to five demonstrations of interest in buying its shares in OHL, of which it controls 35%. Among those interested in taking over the company are three Chinese companies, one Italian and one French, even though the actual names of the companies have still not been made known.
The supermarket chain DIA has announced the new configuration of its Executive Committee. This will include a Director of Transformation, will seek to redesign the business model, simplifying the processes and increasing efficiency. However, there remains uncertainty about the success of this repositioning because of the very aggressive competitive environment.
Abengoa has presented its 10 year viability plan. The company anticipates to reach a turnover of 2.86 billion euros in 2023 and 4.202 billion euros in 2028. Moreover, its portfolio of will increase from 1.75 billion euros in 2019 to 4.01 billion euros in 2028, thanks to identified projects, whose value rises to almost 30 billion euros.
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€.
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.