Relevant News Item

Relevant News Item 12th February 2024

Worldwide CO2 emissions exhibit marked stability, registering a slight increase of 0.1% against 2022’s 1%

BBVA Research | Real time estimations by Carbon Monitor for 2023 reveal that worldwide carbon dioxide (CO2) emissions have exhibited a marked stability, registering a slight increment of 0.1% (vs. 1% in 2022). This global overview masks profound disparities among nations and sets a new record high for CO2 emissions. China and India have increases in emissions of 3% and 4.5% respectively, in stark contrast to the European Union and…

Relevant News Item 10th February 2024

Competition Commission proposes to deregulate wholesale market and eliminate Telefónica’s obligation to cede fixed network to third parties

Bankinter| The National Markets and Competition Commission (CNMC) is opening a public consultation for one month to deregulate the wholesale fixed telephony market. It proposes that Telefónica be freed from the obligation, as the dominant operator, of having to provide fixed lines to any customer who demands them, regardless of the operator. It justifies this by the current low demand for fixed lines compared to a majority of fixed telephony…

Relevant News Item 9th February 2024

Centrica reaches supply agreement with Repsol to buy 1 Mt of LNG between 2025-2027

Link Securities| Repsol (REP) and Centrica have signed an agreement that will increase the UK’s energy security in the coming years, according to elEconomista. The agreement will see the British company purchase 1 million tonnes of liquefied natural gas (LNG) between 2025 and 2027. Under the agreement between the two companies, all of these cargoes are expected to be delivered to the Grain LNG import terminal in Kent. The deal…

Relevant News Item 9th February 2024

Hungarian company Magyar Vagon prepares €632 million takeover bid for Talgo

When it rose more than 9% on the stock market, the National Securities Market Commission (CNMV) yesterday suspended the listing of the Spanish train manufacturer controlled by Trilantic after four months waiting for the industrial investor, Magyar Vagon, linked to the Government of Viktor Orban, to launch the takeover bid for it. The cash takeover bid for 100% of Talgo consists of a payment of €5 per share, which is…

Relevant News Item 17th January 2024

Spanish airport traffic grows 16.2% in 2023 to 283.2 million passengers, exceeding 2019 traffic by 2.9%

Renta 4 | Passenger traffic figures for 2023 have shown an excellent performance, mainly in the last quarter of the year, when they have comfortably exceeded the figures reached before the pandemic. The rest of the year the figures were slightly above 2019 (the exception was June where they were slightly below the pre-pandemic traffic). Overall, there was a growth of +16.2% compared to 2022, reaching a 2.9% higher traffic…

Relevant News Item 17th January 2024

Prosegur announces 10% growth in Prosegur Securit, its surveillance and technology business

Link Securities | Prosegur (PSG) said Monday in a press release that it reported 10% growth in 2023 in its surveillance and technology business, Prosegur Securit, according to Europa Press. The firm has celebrated the first anniversary of its Intelligent Security Operations Centre (iSOC) in Madrid, consolidating its commitment to the hybrid security model, which has been key to exceeding the 10% growth of its Prosegur Security division. Specifically, the…

Relevant News Item 12th January 2024

Aena considers buying Edinburgh Airport for nearly €3 billion

Bankinter | Aena (AENA) is analysing the purchase of Edinburgh Airport for nearly €3 billion. Aena is looking into the possibility of participating in the sale of Edinburgh airport, 80.9% owned by Global Infrastructure Partners (GIP), which has hired HSBC and JPMorgan for a transaction that should be carried out during the first half of this year. GIP aims to raise around £2.5 billion (€2.9 billion). Assessment: This potential acquisition…

Relevant News Item 11th January 2024

ACS to replace two bridges managed by Amtrak rail transport network in Northeast corridor of US for €1.37 billion

Norbolsa| ACS has been contracted to replace two key bridges in the Northeast US rail corridor operated by Amtrak, the country’s largest transportation operator and manager. The Spanish group, associated with the local firm Herzog, and through its subsidiary Flatiron, will be in charge of replacing the two bridges on the Susquehanna River Rail Bridge (Maryland, USA), with an investment budget of $1.5 billion (around €1.37 billion). The project will…

Relevant News Item 10th January 2024

Gotham City Research make over 20 million after sinking Grifols’ share price but don’t seem to be discovering anything really new

Following the accusations made by Gotham City Research about alleged accounting irregularities at GRIFOLS (GRF), where on Monday it declared 0.5% of its capital in short positions, the plasma derivatives multinational sent a new statement to the CNMV (National Securities Market Commission) yesterday afternoon in which it denied the main arguments of the bearish investment firm. GRF stresses that all the information is contained in public documents submitted to the…

Relevant News Item 9th January 2024

Gotham City Research accuses Grifols of hiding Ebitda of over 10x behind artificial 6x figure

Gotham City Research, the investment fund that denounced the Gowex fraud and caused the company’s stock market collapse, has issued a negative report on Grifols on Tuesday. It considers that the Spanish pharmaceutical company has manipulated its accounts “to artificially reduce its leverage”. As a result, it considers that “the shares are not investable” because “they are probably worth zero”. Gotham accuses Grifols of having manipulated debt and Ebitda to…

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