Intermoney | ACS (Buy, PO 46 €) and Acciona (Buy, PO 200 €) have been awarded, together with the Meridian fund, the SR400 toll road, which will be located in the vicinity of Atlanta (United States), according to the newspaper El Confidencial. With an investment of approximately €9.8 billion, the project has a construction period of approximately 5.5 years with an operation and maintenance period of a further 50 years….
Norbolsa| The Mexican government has obtained $852 million backing from Mexican pension funds to help finance the purchase of Iberdrola’s assets.
Link Securities | The Calcasieu Bridge Partners (CBP) consortium, formed by Sacyr (SCYR), Acciona (ANA) and Plenary Americas, has reached financial closure for the design, construction, operation and maintenance for 50 years of the bridge over the Calcasieu River, part of the Interstate Highway (I-10), in Louisiana (USA), according to Expansión newspaper. According to Efe, the financing includes a tax-exempt private activity bond issue for an amount of $1.333 billion…
Bankinter | Despite a less favourable environment for gas and electricity prices, Naturgy has been able to maintain its H1 results at a similar level to last year thanks to the better contribution of the regulated network activity, new investments in renewables and the improvement of the marketing margin. For the full year, the management team expects to achieve an EBITDA of over €5.3bn and a Net Profit Restated of…
Morgan Stanley | The company has announced the acquisition of Loc Performance (US vehicle supplier) for an EV of $950m. With less than 5% of sales coming from the US, Marie-Ange Riggio (analyst) sees the move as a strategic expansion to add exposure to a larger and more stable market, thus reinforcing the company’s long-term investment thesis, as it would increase production capacity in the US, opening the door to…
Bankinter: E.ON maintains guidance for the year and 2028 targets. Investments in networks will drive medium-term growth. Buy. Key figures compared to consensus: Adjusted EBITDA €4,868m (-14%) versus €4,856m est; Adjusted EBITDA €1,754m (-24%) versus €1,790m est; Net Debt €40,829m versus €37,691m in December 2023. The management team reiterates 2024 guidance and 2028 targets. Opinion of Bankinter’s analysis team: Results meet estimates and the management team reiterates the guidance for…
Renta 4: Since 2020, the stock has accumulated four years of consolidation since 2012. These consolidation ranges are usually of continuity of the previous trend (upwards since 2012). Since March, the price has shown a striking robustness and faces the passage of the guideline linking the highs of 2007, with those of 2020 and 2022 at €3.70, above which it would confirm its good form. The narrowness of the price…
Link Securities | In relation to the financing, through a convertible bond programme, for a total amount of up to €45 million over 48 months, entered into between Oryzon Genomics (ORY) and Nice & Green SA, the company announces that the Investor has requested a conversion of bonds for an aggregate nominal amount of €880,000, at a conversion price of €1.7783 per share, representing 494,854 new shares of €0.05 par…
Link Securities | Repsol (REP) has signed a partnership with Honeywell to create new production pathways for biofuels and circular materials, according to BolsaMania. The two companies will also explore the possible integration of these methods into Repsol’s existing facilities. They plan to expand and commercialise Honeywell’s technologies for the production of renewable chemicals and fuels at REP’s refineries. They aim to produce different biofuels, including sustainable aviation fuel (SAF)…
Alphavalue/DIVACONS | A Los Angeles law firm, The Schall Law Firm, filed a class action lawsuit against the Catalan company on Tuesday, based on allegations made earlier this year by Gotham City about its accounts. This comes at a time when Grifols is debating a possible takeover bid being prepared by the Grifols family in conjunction with Canadian fund Brookfield. Grifols shares dropped -5.38% yesterday. Grifols: Buy, Target Price €19.9/share.