Relevant News Item

Companies, Ibex, Relevant News Item 6th August 2024

Acciona Energy wins 12-year contract for Promina photovoltaic plant, which will be Croatia’s largest

Link Securities | Acciona Energy (ANE) on Monday announced the award of a 12-year “contract for difference” (CfD) with Croatian energy regulator Hrvatski Operator Trzista Energije (HROTE) for the 189MWp Promina photovoltaic plant, currently under development, according to Bolsamania. According to Acciona Energía, Promina will be built in the province of Sibenik-Knin, in southern Croatia, and will be the country’s largest solar plant when it comes into operation in 2027….

Relevant News Item 2nd August 2024

Texas nationalizes ACS’s highway in exchange for payment of €1,606 million

The Texas Department of Transportation has approved the acquisition from ACS of its SH-288 highway, a nationalization available in the contract between both parties that will be compensated with a maximum of €1,606 million ($1,731 million) to be paid to the Spanish construction company before October 8, 2024. The Texan administration made the decision this Tuesday, according to documentation consulted by Europa Press, so that it will grant its public…

Relevant News Item 1st August 2024

BBVA earns €4.994 billion in 1H24, up 28.8% year-on-year, thanks to recurring revenues from banking business

Link Securities | The bank yesterday presented its results for the first half of the year (1H2024), of which we highlight the following aspects: BBVA’s net interest income at 30-Jun-2024 was higher than in the same period of the previous year (+13.9% year-on-year; +20.3% year-on-year) to €12,993 million (+0.1% at constant rates; +0.1% FactSet consensus), with growth in all business areas except Turkey, as a result of the dynamism of…

Relevant News Item 31st July 2024

Caixabank: €500m buyback starts today

2Q24 First Look – 6% Beat and Raised RoTE Guide | Back to B/S Growth? Iñigo Vega (Jefferies) | 6% beat versus consensus at attributable profit level, driven by better top line, mainly fees, but NII also slightly ahead, supported by balance sheet growth in the quarter. Opex running in line and CoR trending better than the 30bp guidance. Upgraded FY24 NII guidance to HSD growth year-on-year (consensus at 6% year-on-year)…

Relevant News Item 31st July 2024

Ferrovial reports 1H24 net profit of €414m compared to €114m a year ago after strong 2Q in Construction division

Intermoney | The company (Hold, PO €32) announced its 1H24 results yesterday after the close of trading in New York, and will hold a conference call today at 3pm. The key figures of the results, together with our forecasts, are shown in the attached table. Overall, EBITDA rose +50% to €603m at June 24, vs. +40% IMVe, which showed the contribution of new toll road assets, with lower growth than…

Relevant News Item 30th July 2024

Merlin Properties uniquely positioned in sector: raises €921 million to finance expansion of data centres

Deutsche Bank (Thomas Rothaeusler) | The company has finally set the financing structure for its data centre expansion by raising €921 million in new equity, confirming our scenario, which reflects an increase in earnings after two years and non-recurring revenues after one year and equates to a target price of €13 per share. We view the capital increase as a very positive development, as it lays the foundations for significant…

Relevant News Item 30th July 2024

Court of Auditors goes to CJEU for amnesty law on grounds that it affects European interests

The Court of Auditors has raised a preliminary question to the Court of Justice of the European Union (CJEU) regarding the amnesty law, considering that the alleged diversion of funds for the “referendum” of October 1 and the external action of the ‘procés’, for which the former Catalan president Carles Puigdemont and 34 other people are indicted, affects the financial interests of the EU. In an order, the councilor of…

Relevant News Item 29th July 2024

Iberdrola in advanced negotiations with data centre developers for creation of joint ventures

Alphavalue/DIVACONS | As part of its 1H24 results presentation, Iberdrola (IBE) announced that it is in advanced negotiations with data centre developers for the creation of joint ventures. Although we do not know the specific details of these negotiations, it is clear that the group is looking to capture a stake in this fast-growing sector. Connecting data centres to the grid represents a real challenge for operators and can be…

Relevant News Item 29th July 2024

Repsol reduces share capital through redemption of 20 million treasury shares with a nominal value of €1

Link Securities | The Board of Directors of Repsol (REP), pursuant to the resolution approved by the General Shareholders’ Meeting held on 10 May 2024, agreed to reduce the company’s share capital by redeeming 20,000,000 treasury shares, each with a par value of €1, representing approximately 1 .70% of Repsol’s share capital at the date of this communication. In this capital reduction, Repsol will redeem the shares acquired through the…

Relevant News Item 28th July 2024

Acerinox’s net profit reaches €114m, 59% lower than in 1H2023

Link Securities | Acerinox (ACX) presented on Thursday its results for the first half of the year (1H2024), of which we highlight the following aspects: The 1H2024 results have been affected by the strike at the Acerinox Europe plant from 5 February to 21 June. Thus, ACX’s 1H2024 turnover reached €2,781 million, 21.0% lower than in the same half of the previous year.Also, ACX’s EBITDA ended June at €236 million,…

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