Relevant News Item

Relevant News Item 8th May 2025

Improved generation and marketing businesses plus lower taxes help Endesa achieve net profit of €583 million

Bankinter | Good results for Q1 2025 and attractive assessment. Key figures compared to market consensus: EBITDA €1,431 million (+33%) versus €1,370 million estimated; NPA €583 million (+100%) versus €481 million estimated; Funds from Operations (FFO): €1,243; Net debt €10,159 million versus €9,294 million in December 2024. The management team maintains its 2025 guidance, which envisages EBITDA of between €5.4 billion and €5.6 billion (between +3% and +7%) and ordinary…

Relevant News Item 7th May 2025

CAF wins new maintenance contracts in UK and Colombia worth €400m

Intermoney: Construcción y Auxiliar de Ferrocarriles (CAF) has won new maintenance contracts in UK and Colombia worth €400 million. CAF (Buy, P.O. €42) informed the National Securities Market Commission (CNMV) on Monday that it had reached an agreement with Northern, the second largest rail operator in the UK, and Medellin Metro in Colombia for the maintenance of their fleets. In the case of the UK, it is a fleet of…

Relevant News Item 7th May 2025

Almost 6.6 million international tourists visit Spain in March, 3.8% more than in same month of 2024

Link Securities | According to the Border Tourist Movement Survey (FRONTUR), Spain received nearly 6.6 million international tourists in March, 3.8% more than in the same month of 2024. The United Kingdom was the main country of residence for tourists arriving in Spain, with more than 1.2 million tourists in March and an increase of 3.6% compared to the same month in 2024. From Germany, 896,441 tourists arrived (down 1.4%)…

Relevant News Item 8th April 2025

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,…

Relevant News Item 3rd April 2025

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…

Relevant News Item 3rd April 2025

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…

Relevant News Item 2nd April 2025

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…

Relevant News Item 1st April 2025

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…

Relevant News Item 31st March 2025

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…

Relevant News Item 29th March 2025

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…

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