Relevant News Item

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…

Relevant News Item 21st October 2024

Ferrovial brings stakes in toll road and car park concessions together in JV with Interogo Holding, called Umbrella Roads

Alphavalue / Divacons | The Spanish construction, services and concessions company and Interogo Holding created a joint venture called Umbrella Roads BV, aimed at managing Ferrovial’s stakes in motorway and parking concessions in Spain, Scotland, Ireland and Canada. These assets operate under availability payment schemes or with limited traffic risk. According to a Ferrovial statement, the group will transfer the economic rights of Umbrella Roads BV, while retaining majority voting…

Relevant News Item 17th October 2024

BBVA to have to sell part or all of Sabadell stake if takeover bid succeeds but CNMC does not authorise merger

Link Securities | BBVA (BBVA) will have to sell part or all of its stake in Banco Sabadell (SAB) if the takeover bid succeeds but the National Markets and Competition Commission (CNMC) decides not to authorise the merger and its ruling is known after the end of the acceptance period, according to the updated prospectus for the deal submitted on Tuesday to the US regulator SEC, reports Expansión on Thursday….

Relevant News Item 4th October 2024

Moody’s upgrades Merlin Properties’ rating to ‘Baa1’ from ‘Baa2’ on continued rental growth

Link Securities | Credit rating agency Moody’s has upgraded Merlin Properties’ long-term issuer rating to “Baa1” from “Baa2”, the digital portal Bolsamania.com reported yesterday. In addition, the outlook has been changed from “positive” to “stable”. This upgrade, as they point out, reflects good operating performance driven by continued rental growth, sustainably lower leverage and long-term benefits from an improving business profile that is shifting towards favourable asset classes with a…

Relevant News Item 3rd October 2024

Australian fund IFM reaches 16.023% in Naturgy capital, consolidates position as largest shareholder

Bankinter : In January of this year, its stake was 15%. In the last nine months it has acquired an additional 1% of the capital. IFM consolidates its position as the fourth largest shareholder in Naturgy, after La Caixa, which through Criteria holds 26.7%; CVC which, in its latest communication in June, states that it holds 20.715%; and GIP, with just over 20%. Part of the shares held by CVC…

Relevant News Item 2nd October 2024

Dragados (ACS), selected for design and construction of new passenger tunnels at Elephant & Castle Underground Station

Link Securities | ACS (ACS), through its subsidiary Dragados, has increased its presence in Transport for London projects, according to Expansión newspaper. Transport for London (TfL) has selected the Spanish group’s proposal for the design and construction of new passenger tunnels at Elephant & Castle Underground station. The project involves the excavation of around 135 metres of pedestrian tunnels linking the new station with the platforms and the existing bridge….

Relevant News Item 1st October 2024

Brookfield fund asks Grifols for more time to analyse takeover bid and complicates bidding process

Bankinter: The fund has sent a letter to the Board asking for an extension to be able to continue analysing this possible offer. Opinion of the analysis team: Negative news. On 8 July we learned that Brookfield was analysing a takeover bid for Grifols. Almost three months have passed since then and, possibly, a deadline agreed between both parties will expire, which justifies the fund’s request for an extension. The…

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