Link Securities| Talgo (TLGO) will make the first units of the Talgo Avril very high-speed train available to Renfe in November. According to a statement by the company on Tuesday, they will be ready to go into commercial operation. In this sense, Talgo has indicated that the November date will be reached “provided that the other actors involved in this process comply with the deadlines they have provided Talgo with…
Link Securities| The Spanish company and the International Finance Corporation, which belongs to the World Bank Group have announced their union to promote the energy transition in emerging countries, the financial portal bolsamania.com reported on Tuesday. Both institutions have launched an alliance to support clean energy and decarbonisation in different developing countries. The agreement is structured in three pillars, according to IBE: (i) First, IFC will provide IBE with a…
Link Securities| The minutes of the May Federal Open Market Committee (FOMC) meeting showed that its members were divided on the need for further increases in the benchmark interest rate. In this regard, it was said that, based on expectations of a slow return of inflation to 2%, a further firming of monetary policy at future meetings was likely to be warranted. In general, participants were unsure how much further…
Renta 4: European opening with little change (Eurostoxx futures -0.2%, S&P futures +0.1%), in a session in which we continue to receive relevant data on both activity and prices, and awaiting the conclusions of the meeting between Biden and congressional leaders to discuss the US debt ceiling and avoid default. For the moment, the positions are still at odds and the Republicans are trying to reach an agreement to limit…
Pablo Pardo (Washington) | “Even small entities can now have systemic consequences” says Margaret Franklin, presidente and CEO of the CFA Institute. In the English-speaking world, the acronym ‘CFA’ is often the first step towards serious entry into the financial sector. CFA’ stands for ‘Chartered Financial Analyst’, a qualification held by some 200,000 people worldwide and obtained through an examination administered by the CFA Institute. The CFA, chaired by Margaret…
CdM| The Hungarian real estate fund Indotek Group has acquired two shopping centres, one located in Valencia and the other in Barcelona, from Merlin Properties Socimi, without disclosing the amount of the transaction. In a statement, the fund has detailed that, with this transaction, it seeks to consolidate its presence in the country and substantially increase the surface area of its commercial assets in the Iberian Peninsula, where it already…
Técnicas Reunidas has signed a contract with green fertiliser company Atlas Agro to develop a zero-carbon fertiliser plant, Pacific Green Fertilizer (PGF), in the northwest of the US, near Richland, a city in Benton County (Washington), as reported yesterday by CapitalBolsa.com. Técnicas Reunidas and Atlas Agro have already worked together in the previous phase, the Feasibility Phase of the PGF Plant. The current contract includes the execution of the FEED,…
Link Securities| Aena’s network airports closed 4M2023 with a total of 77.4 million passengers, 32.7% more than in the same period last year and 1.9% more than in 4M2019. A total of 695,549 aircraft movements were recorded between January and April (1.5% more than in 2019) and 336,909 tonnes of cargo were transported, which is 0.1% more than in the same period of 2019. In the month of April 2023,…
BSabadell : According to press reports, Deutsche Bahn has awarded Talgo (TLGO) a contract for the supply of 56 additional trains, which it is understood are of the Talgo 230 model and which would form part of the contract it is currently executing (23 trains worth €550 million). At the prices of the first order the contract could exceed €1.3 billion (~40% of Talgo’s current portfolio). Assessment: If the news…
Naturgy has won the bid for the renewable assets of the French fund Ardian in Spain. The company headed by Francisco Reynés has announced today the acquisition of 100% of ASR Wind, which has a total of 422 MW distributed in 12 wind farms in operation in Spain. The transaction also includes a pipeline of solar hybridisations of up to 435 MW, which are at an advanced stage of development…