Relevant News Item

Relevant News Item 25th February 2025

Telefónica sells Argentine subsidiary to Telecom for $1.245 billion

Telefónica has sold its subsidiary in Argentina to the competing group Telecom, in which the media group Clarín is involved, for $1.245 billion dollars. The Argentine government has issued an official statement warning that it will only approve the operation if it respects the principles of free competition. Under the recent presidency of Marc Murtra, Telefónica is at a key moment regarding its operations in Latin America, as its subsidiary…

Companies, Relevant News Item 25th February 2025

Improved dividend and announcement of purchase of 10% by company itself continue to support Naturgy

Banc Sabadell | From the conference call results 2024 and update of the Strategic Plan 25-27 of Naturgy (NTGY) we highlight: Given that market conditions are now more complex for investing, they prefer to be more cautious, so if they do not find investments they will distribute the accumulation of cash to shareholders; all this would be conditional on a floor in the BBB rating (S&P). They are committed to…

Relevant News Item 25th February 2025

Banco Sabadell presents allegations to Competition Commission regarding BBVA hostile takeover bid

Alphavalue/DIVACONS | on Friday, the Catalan financial institution presented its allegations to the statement of specific facts (SSF) that the CNMC (National Commission on Markets and Competition) sent to it on 31 January, as it did to BBVA (Buy, Target Price €16.6/share) .The bank presented arguments similar to those it had previously presented to the CNMC in the first phase, but focusing on the problematic aspects in terms of competition…

Relevant News Item 24th February 2025

Grenergy revamps brand to position itself among leaders in energy storage with $2.6-billion investment plan until 2026

CdM | Grenergy has presented its new brand image, reaffirming its strategic commitment to lead the energy storage sector globally. To achieve its goal, the company presented an investment plan of $2.6 billion between 2023 and 2026. The plan, which is very focused on storage, “underlines its commitment to move towards a more sustainable and efficient energy model, based on offering a stable energy supply,” they say. ‘Green must go…

Relevant News Item 24th February 2025

Ahead of Sacyr 2024 results: pending asset rotation in Colombia; declines in concession revenues

Renta 4 | Awaiting to find out the date on which Sacyr (SCYR) will present its 2024 figures and hold its conference. Overweight, P.O. €4.29. Results that we hope will continue to be in line with the group’s strategy. Single-digit declines expected in concession revenues, as, despite the fact that concessions are still on the rise, construction revenues are falling due to the completion of major projects in 2023. In…

Relevant News Item 24th February 2025

Ence agrees with BBVA to acquire and promote La Galera biomethane plant: bank to contribute some €19 million

Link Securities | Spanish cellulose manufacturer Ence (ENC) has reached an agreement with BBVA (BBVA) to acquire and promote the La Galera biomethane plant, which it recently acquired in Tarragona through its subsidiary Ence Biogás, according to the Expansión newspaper. Using the project finance formula, BBVA will contribute just over €19 million for the purchase of the factory from a group of local ranchers, farmers and investors, as well as…

Relevant News Item 19th February 2025

Enagas NP reflects negative effects of Tallgrass sale and GSP arbitration but targets exceeded and share buyback announced

Renta 4 : Revenues slightly down, in line with our expectations. The higher contribution from Musel, REVU and COPEX did not offset the effects of lower regulated revenues. EBITDA slightly down despite the stability in operating expenses, due to lower results from investees because of the deconsolidation of Tallgrass, which is not offset by the higher contribution from Axpo and TAP, despite this, it exceeds our forecast and allows EBITDA…

Relevant News Item 18th February 2025

Talgo majority shareholder Pegaso reaches agreement for sale of 29.7% of capital, with no takeover bid for 100%, at €4.15/share

Bankinter | Last Friday, Pegaso, majority shareholder of Talgo (TLGO), announced the agreement for the sale of 29.7% of Talgo’s capital to the Consortium formed by Clerbil (Sidenor), Finkatze Kapitala Funlatuz, Fundación bancaria BBK and Fundación Bancaria Vital. The price will be €4.15 fixed and up to an additional €0.85 subject to the achievement of objectives. In statements this weekend by Imanol Pradales, President of the Basque Government, he said…

Relevant News Item 17th February 2025

BBVA to continue operating with relatively tight solvency levels compared to most European counterparts

Santander Corporate & Investment | On Tuesday, Fitch revised its outlook for BBVA (BBVA) (A3 p, A e, A- p) to positive and confirmed all its ratings, including its senior preferred (SP) rating of A-. Fitch indicated that the positive outlook reflects its expectation that ‘BBVA’s solid franchise and business model will enable the group to generate stronger financial results thanks to improved operating conditions in some of BBVA’s key…

Relevant News Item 21st December 2024

Ence acquires first biomethane plant for undisclosed price

Renta 4 | Ence has closed the acquisition of a biomethane generation plant in the town of La Galera (Tarragona), with a capacity to produce up to 50 GWh of biomethane per year, with its corresponding sustainability certificates. It has also signed a 15-year agreement with a gas trading company for the sale of the biomethane produced by the plant. As part of its business plan, Ence Biogas plans to…

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