Relevant News Item

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…

In Spain, Relevant News Item 25th November 2024

Acerinox completes purchase of 100% of US company Haynes International for $798.73 million

Link Securities | Having fulfilled the last of the conditions attached to the transaction yesterday Acerinox, through its wholly owned US subsidiary North American Stainless (NAS), has completed the acquisition of 100% of the shares of the US company Haynes International Inc. for a total cash consideration of $798,735,508. The acquisition agreement was signed on February 4th of this year, subsequently the operation was approved by the General Shareholders’ Meeting…

Relevant News Item 25th October 2024

Overnight stays in hotels in Spain grow 2.8% in September compared to same month in 2023, passing 39-million mark

Link Securities | According to the Hotel Tourism Situation Report (EOH/IPH/IRSH), released yesterday by the National Statistics Institute (INE), overnight stays in hotel establishments in Spain increased by 2.8% in September compared to the same month in 2023, exceeding 39 million. In September, overnight stays by travellers resident in Spain fell by 0.7%, while those by non-residents grew by 4.4%. In the 9M2024 period, overnight stays increased by 5.2% compared…

Relevant News Item 24th October 2024

Iberdrola net profit, excluding capital gains from assets sales in Mexico, up 18% against 13% estimated, and with capital gains up 50% to €5,471 million

Bankinter : Iberdrola’s 9M 2024 results beat consensus estimates. Earnings excluding capital gains from the sale of assets in Mexico increased by 18% versus 13% estimated. Positive factors: (i) Growth in the regulated asset base in networks and tariff revisions; (ii) Improvement in the commercialisation margin and (iii) Record hydroelectric generation and new capacity in renewables. These factors more than offset the lower contribution from the gas business and the…

Relevant News Item 24th October 2024

OHLA approves capital increase of up to €150 million to facilitate refinancing of debt of almost €550 million

Link Securities | OHLA’s Extraordinary Shareholders’ Meeting yesterday approved the Board’s proposal to launch this year a capital increase of up to €150 million to facilitate the refinancing of the company’s debt of almost €550 million, between bonds and bank debt, Expansión reported. ‘The company will be strengthened with greater resources,’ said Luis Amodio, president of the construction company. OHLA will repay €140 million to bondholders with the increase approved…

Relevant News Item 22nd October 2024

Enagás profit at 9M24, excluding sales of Tallgrass and Morelos gas pipeline in 2023, reaches €233.5m (up 7.85%)

Link Securities | The company today presented its results for the first nine months of the year (9M2024), of which we highlight the following aspects: The company’s total revenues at 30 September 2024 amounted to €665.2m (down 1.1% year-on-year). The figure for regulated revenues in the first nine months of 2024 includes the impact of the regulatory framework (down €33.3 million), which has been partially offset by the increase in…

Relevant News Item 22nd October 2024

CAF subsidiary Solaris to supply 96 electric buses to Transdev, and 30 to Arriva, for combined total of €90 million

Link Securities | Solaris, a subsidiary of CAF (CAF), will supply 96 electric buses to Transdev, and a further 30 to Arriva, both Dutch operators, according to Bolsamania. The combined value of the two contracts is approximately 90 million euros. For Transdev, one of the largest transport operators in the Netherlands, the order covers the delivery of 96 buses corresponding to four different vehicle models from the Urbino range, with…

Relevant News Item 21st October 2024

Repsol, pre-qualified for commissioning of two photovoltaic parks in New York

Renta 4 | Two 520 MW ConnectGen/Repsol photovoltaic parks have been prequalified for commissioning in conjunction with the New York Power Authority (NYPA), the country’s largest state-owned utility, according to press reports. The first farm will be located in central New York State and will have 250 MW of generating capacity and is expected to be operational by the end of next year. The second will be located in the…

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