Relevant News Item

Companies, Relevant News Item 11th August 2025

ACS and Vinci sign agreement to dissolve joint venture in renewable energy

Intermoney | ACS (Buy, PO €63) announced last Friday after the market closed that it had reached an agreement with French company Vinci to dissolve their joint venture for the development of renewable energy capacity. This JV arose from the French company’s purchase of ACS’s Cobra industrial services business for around €5 billion, announced in 2021. Friday’s agreement specifies a final payment by Vinci of around €300 million, which, according…

Companies, Relevant News Item 8th August 2025

Naturgy connects first biomethane plant in Navarre to gas network through distributor Nedgia

Link Securities | Naturgy (NTGY), through its distributor Nedgia, has connected the first biomethane plant in the Autonomous Community of Navarre to its gas network, according to the Bolsamanía website. The facility has been promoted by the company E-cogeneración Cabanillas and will produce up to 22 GWh of renewable gas from the treatment of livestock and agri-food waste. This amount is equivalent to the consumption of 4,000 households. Nedgia Navarra,…

Companies, Relevant News Item 7th August 2025

Sabadell shareholders give green light to TSB sale and approve distribution of €2.5 billion extraordinary dividend

Bankinter | Shareholders have given the green light to the sale of British subsidiary TSB to Santander for €3.1 billion and approve the distribution of an extraordinary dividend of €2.5 billion by a large majority (>99.5% in both cases). Bankinter analysis team’s view: The decision was taken on Wednesday during two Extraordinary General Meetings, and Sabadell’s share price reacted with a rise of 2% (versus 0.9% for the Spanish stock…

Companies, Relevant News Item 7th August 2025

Sacyr signs contract to build Messina bridge, with planned investment of €10.6 billion

Intermoney | Sacyr (SCYR) (Buy, Target Price €4.4 per share) announced on Wednesday after the market closed that it had signed the contract to build the Messina Bridge, which will link the island of Sicily with the rest of Italy. The project concessionaire, Stretto di Messina, is majority-owned by the Italian state and other public administrations. The main contractors include WeBuild, formerly Impregilo, and Sacyr, with a 22% stake, among…

Companies, Relevant News Item 7th August 2025

CNMV imposes several fines on Grifols and directors for almost €1.4 million for deficiencies in financial reporting

Link Securities | The Spanish National Securities Market Commission (CNMV) has imposed several fines on Grifols (GRF) and its directors for a total of almost €1.4 million for deficiencies in its financial information and management reports, according to Expansión newspaper. The Official State Gazette (BOE) published on Wednesday a resolution dated 24 July by the CNMV announcing the penalties for very serious and serious infringements imposed on Grifols and several…

Companies, Relevant News Item 6th August 2025

Iberdrola negotiates sale of 49% of 1,000 MW renewable energy portfolio valued at €900 million to Fortescue

Bankinter | The Australian group Fortescue, listed on the Sydney Stock Exchange and with a market capitalisation of more than €30 billion, is negotiating with Iberdrola (IBE) the acquisition of 49% of a 1,000 MW solar and wind portfolio from Iberdrola. This portfolio is valued at least €900 million (including debt). Bankinter analysis team’s view: Good news and a transaction consistent with the group’s strategy. Iberdrola has been developing this…

Companies, Relevant News Item 5th August 2025

CNMC liberalises 100% of broadband market: Telefónica will have to continue renting physical infrastructure

Banc Sabadell | The National Markets and Competition Commission (CNMC) has liberalised 100% of the broadband market, a decision that will come into force in February 2026. The CNMC believes that with the rollout of fibre by telephone companies and the creation of Masorange, Telefónica (TEF) can no longer be considered to have a dominant position. The last market review was carried out in 2021, increasing liberalisation to 70% of…

Companies, Relevant News Item 1st August 2025

BBVA opens door to withdrawing takeover bid for Sabadell after Catalan bank’s board meeting to approve TSB sale to Santander

Link Securities | BBVA (BBVA) has opened the door to withdrawing its hostile takeover bid for Banco Sabadell (SAB) following the extraordinary shareholders’ meetings to be held by the Catalan bank on 6 August to approve the sale of TSB to Santander (SAN) and the subsequent distribution of an extraordinary dividend of €2.5 billion, according to the newspaper Expnasión. ‘There are no guarantees,’ said BBVA CEO Onur Genç in response…

Companies, Relevant News Item 1st August 2025

Iberdrola sells 2.6 GW generation and supply portfolio in Mexico to Cox ABG for $4.2 billion

Alphavalue/DIVACONS | The Spanish utility is exiting the Mexican market to finance its €55 billion investment plan through 2031, with a strategic focus on regulated network businesses in the United States and the United Kingdom. On Thursday after the close of trading, the group reached an agreement with Cox ABG for the sale of its 2.6 GW generation and supply portfolio in Mexico for $4.2 billion. The divestment of most…

Companies, Relevant News Item 31st July 2025

Airtificial wins €1.8 million project to design 100% automated assembly line in China

Link Securities | The company announced to the National Securities Market Commission (CNMV) that it has strengthened its presence in Asia with the award of a new high-tech project for one of the world’s top 20 Tier 1 suppliers, the relocation of its headquarters to the Suzhou Industrial Park and the expansion of its operations centre in China. Both milestones, which form part of the activity of its Intelligent Robots…

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