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acciona

Acciona finalises financing to develop Australia’s first green energy network, with €12.4 billion investment

Alphavalue/DIVACONS | The Spanish alternative energy company, together with Cobra (Vinci, Buy, Target Price €162/share) and Endeavour Energy, reached financial close on Friday for the development of Australia’s first green energy network, located in New South Wales. The project, key to the country’s energy transition, involves a private investment of up to AU$20 billion (€12.4 billion) until 2030 and consolidates Acciona as a global benchmark in sustainable infrastructure. Acciona: Reduce,…


bbva sabadell

BBVA improves offer again: Sabadell offices and ATMs to be maintained for 36 months

Link Securities | Expansión highlights today that BBVA (BBVA) has improved the commitments for the merger with Banco Sabadell (SAB) that the Competition Authority (CNMC) recommended last week. Thus, BBVA has increased the period of maintenance of SAB’s branches and ATM access from 18 months to 36 months in sparsely populated areas with low incomes or little competition. The bank has also committed to maintaining the volume of credit to…


Grifols

Grifols to make €350-million takeover bid for Biotest capital it does not yet control, with aim of delisting it

Bankinter | The company’s Board of Directors has unanimously approved that its subsidiary Grifols Biotest Holdings make a public takeover bid to delist Biotest AG from the stock exchange. The bid will be for the 2.9% of the ordinary shares it does not control and 53.8% of the preference shares. It will offer €43.00 for each ordinary share and €30.00 for each preference share. In addition, it will request the…


Naturgy edificio 640x420

CNMV admits Naturgy’s application to formulate self-tender offer for processing

Link Securities | The National Securities Market Commission (CNMV) agreed on 1 April 2025 to admit for processing, in accordance with the provisions of the Law, the authorisation request submitted by Naturgy (NTGY) on 26 March 2025 for the formulation of a voluntary takeover bid (OPA) for its own shares, on the understanding that the prospectus and the other documents submitted comply with the provisions of said article. The admission…


iberdrola solar

Iberdrola’s largest US solar project, €341-million True North farm, starts operating

Link Securities | The Spanish electricity company Iberdrola (IBE), through its US subsidiary Avangrid, has put into commercial operation its largest solar project in the United States to date, the True North plant, with an installed capacity of 321 MW located in Falls County (Texas, United States) and an investment of $369 million (about €341 million), as reported on Monday by Expansión. Specifically, the project supplies electricity to the Texas…


Endesa nocturnal

Endesa approves share buyback for €517 million to reduce capital and flexible remuneration

Bankinter | The board of directors of Endesa has approved two different tranches of buybacks. On the one hand, a first tranche of €17.3 million intended to comply with the flexible remuneration programmes for group employees, with a maximum of 1.11 million shares. The execution period will run from 28 March to 14 April. The second tranche is valued at a maximum amount of €500 million and the objective is…


repsol banderines

Repsol merges UK upstream business with independent operator NEO Energy Group Limited

Renta 4 | Repsol has reached an agreement to consolidate its upstream oil business in the UK with NEO Energy Group Limited, a leading independent oil and gas operator in the UK. The agreement will be structured through a share swap in which Repsol will have a 45% stake in the joint venture and NEO UK a 55% stake, reflecting the contribution and strategic alignment of both groups, with a…


bbvasabadell

Competition authority proposes new commitments to BBVA in Sabadell takeover bid

Link Securities | The Spanish National Commission on Markets and Competition (CNMC) board, which met last Monday, has asked BBVA to make new commitments in its takeover bid for Banco Sabadell, mainly in relation to the SME business and financial inclusion issues, according to Expansión newspaper. The CNMC has suggested that BBVA extend the deadlines for the proposed measures on the SME business. The regulator’s experts believe that an 18-month…


Naturgy Australia

Taqa negotiates entry into Naturgy’s shareholding structure with stake of up to 29.9%, no takeover bid, and hand in hand with CriteriaCaixa

Bankinter | The energy giant Taqa, controlled by the Emirate of Abu Dhabi, is studying the possibility of acquiring a stake in Naturgy. According to articles that have appeared in the press, Taqa would enter with a non-majority shareholding, hand in hand with CriteriaCaixa and with the approval of the Government, which has the right of veto over this type of strategic operation. At the moment, Naturgy has a self-tender…


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Number of mortgages granted grows 11% year-on-year, average amount 10.2% and total amount granted 24.3%

Santiago Martínez Morando (Ibercaja) | The strong growth of the mortgage market experienced in the second half of 2024 continued in January: the number of mortgages granted grew by 11.0% year-on-year, the average amount per mortgage by 10.2% and the total amount granted by 24.3%. In twelve months, 429,000 mortgages were granted for an average value of €146,835 and a total amount of €62,948 million. Number of mortgages granted in…