Relevant News Item

Relevant News Item 18th September 2024

Iberdrola enters data centre business with launch of subsidiary to mobilise €10bn, develop 5 GW and become European hub

Bankinter | Iberdrola is finalising an agreement with a large investment fund or group of funds to launch a subsidiary specialising in the data centre business. It intends to turn this subsidiary, which it has initially christened CPD4Green, into the largest European hub to house data centres and processing for Artificial Intelligence (AI). Its intention is to close the operation of incorporating a partner before mid-2025. Iberdrola’s objective, unlike other…

Relevant News Item 18th September 2024

BBVA’s takeover bid for Banco Sabadell “has derailed” and “makes no sense”, says Catalan bank’s CEO

Alphavalue / Divacons | The CEO of the Catalan bank, César González-Bueno, said yesterday that BBVA’s takeover bid for the bank “has derailed” and “makes no sense”. At the VII Foro de Banca (Banking Forum) organised by El Economista, he declared that the chances of the merger are “very low” and that he sees no justification for the operation. However, he acknowledged that it is possible that the National Markets…

Relevant News Item 16th September 2024

Qatar’s sovereign wealth fund sounds out government to increase current 8.7% stake in Iberdrola, equivalent to €7.4 billion

Bankinter | According to press sources, Qatar’s state investment fund (Qatar Investment Authority) wants to increase its stake in Iberdrola. Qatar’s representatives have reportedly been sounding out the Spanish government to gauge its predisposition to such a corporate move. Qatar entered Iberdrola in March 2011 with just over 6% in a €2 billion transaction and through a capital increase. It later increased its stake to the current 8.7%. The value…

Relevant News Item 13th September 2024

Spain: Inflation Moderates to 2.3%

According to the final data released yesterday by the National Institute of Statistics (INE), the Consumer Price Index (CPI) remained stable in August compared to July (0.0%). Year-on-year, Spain’s CPI in August was 2.3% (2.8% in July), slightly more than the initially estimated 2.2%, which was expected by the consensus of analysts. The year-on-year groups that stood out most for their influence on the decline in the year-on-year growth rate…

Relevant News Item 2nd September 2024

Repsol cancels €1 billion sale of Norwegian subsidiary announced six months ago

Link Securities | The Spanish oil company has cancelled the sale of its Norwegian business, so the firm discards an operation that was valued at approximately $1,000 million after six months looking for a buyer, according to Reuters. The sources consulted by the British agency assure that the firm is now focused on selling other assets, while it plans to merge its operations in the North Sea with NEO Energy….

European economy, In Europe, Relevant News Item 22nd August 2024

Eurozone inflation rebounds in July to 2.6%, core remains at 2.9% for third month in a row

CdM | The inflation rate in the euro area stood at 2.6% year-on-year in July, one tenth of a percentage point higher than the rise in prices observed in June. Moreover, as confirmed by the EU statistics office, Eurostat, in the EU as a whole the rate has risen to 2.8%, two tenths of a percentage point more than in June. The acceleration in price increases in the euro area…

European economy, European politics, In Europe, Relevant News Item 22nd August 2024

EC lowers tariffs on Chinese car imports after concluding investigation

Link Securities | As part of the conclusions of the European investigation into China’s anti-competitive subsidies, the European Commission (EC) has revised tariffs on Chinese car imports downwards, after gaining a clearer picture of the support enjoyed by China’s car industry, according to Expansión newspaper on Tuesday. In this sense, the EC said yesterday that it considers that Chinese manufacturers enjoy an “unfair” advantage because of the subsidies they receive…

Companies, Ibex, Relevant News Item 22nd August 2024

Iberdrola included again in international FTSE4Good index

Link Securities | Iberdrola (IBE) has been included for another year in the prestigious FTSE4Good international index, designed to facilitate investments in the world’s most sustainable companies, using ESG (environment, sustainability and governance) criteria as a benchmark, the company announced yesterday. IBE has met the requirements of the committee in charge of deciding the members of the index. In this way, it complies with an increasingly demanding methodology that includes…

Companies, Relevant News Item 21st August 2024

Talgo could sell 20 high-speed trains to Saudi Arabia, adding around €700m to its order book

Banc Sabadell : The company’s CEO reportedly said that the company had intensified its contacts with the Medina – Mecca consortium with the aim of manufacturing and supplying 20 high-speed trains, according to press reports. According to these sources, the company and the consortium have not reached an agreement on the final price of the trains, since the costs have risen substantially from the €35 million per unit that had…

In the World, Relevant News Item, World economy 20th August 2024

US leading indicator deteriorates in July to lowest level since 2016

Bankinter: The leading Indicator deteriorated more than expected in July (-0.6% month-on-month from -0.2% previously and -0.4% expected). The Leading Indicator fell by – 0.6% (month-on-month) in July; in year-on-year terms -5.2%, which broke with the slight trend of improvement of the last six months. From a historical perspective, the indicator registers the lowest level since November 2016 (one tenth below April 2020). By components, the improvement in Consumer Orders…

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