Norbolsa : Both countries reached an agreement yesterday to share the cost overruns in the construction of the Bay of Biscay electricity connection line, finally reaching €2.85 billion. In 2017, the cost was estimated at €1.75 billion, but has now risen to the figure indicated above. At that time, it was also agreed that Spain would pay 62.5% of this amount, while France would pay the remaining 37.5%. This distribution…
Link Securities | Ferrovial (FER) has set out the rules for carrying out the move of its headquarters to Amsterdam, Expansión newspaper reported on Wednesday. The company will compensate shareholders opposed to the move with €26 per share, the average price of the last three months. In relation to this same issue, the newspaper Expansión reports on Thursday that the largest foreign investor in FER, The Children’s Investment (TCI), which…
Link Securities | FCC (FCC) has initiated contacts with financial institutions and investors to refinance the bond of its Environment subsidiary for an amount of 600 million euros that matures next December, as reported on Monday by the newspaper elEconomista. The construction and services group is exploring different alternatives given the current market circumstances, with the rise in interest rates as the main conditioning factor. The first option is to…
Link Securities | The Board of Directors of Vocento, at its meeting on 27 February 2023, has resolved to propose to the General Meeting of Shareholders that an ordinary dividend be paid out of the profit for 2022, in the amount of €5,500,000, at a rate of approximately €0.046 gross per share for each VOC share, from which the applicable withholding tax will be deducted. The amount per share will…
Singular Bank : The world’s leading group in the dairy products segment (with a dominant position in Yogurt), in Water and in Infant and Medical Nutrition, has published its results for the last quarter of the year. Like-for-like sales (LFL) rose 7.0%, beating consensus on almost all measures, thanks to an 11.3% rise in prices and despite a 4.4% drop in volume. By business, EDP (Essential Dairy & Plant-based) grew…
Norbolsa : The company has signed a memorandum of understanding with the ACE Terminal de Rotterdam consortium of companies by which the Spanish energy company has initiated a collaboration with the aim of reaching a binding agreement to facilitate the maritime transport of green ammonia between the port of Algeciras and the port of Rotterdam for its final use in industry. The ammonia can also be used directly by fertiliser…
Link Securities | The Directorate General of Armament and Material (DGAM) has awarded Indra (IDR) a contract to develop and test the Navy’s new generation of electronic intelligence systems within the Santiago national programme of Electronic Defence, according to Europa Press. The systems under development aim to facilitate the detection and generation of strategic information to ensure the access and use of the electromagnetic spectrum for the Armed Forces. Indra…
Fernando Rodriguez: Interview with Carlos Delclaux, president of Vidrala and Vocento board member. “The EU has busied itself lecturing the whole world on renewable energies. But a project of this magnitude should have guaranteed supply, and an orderly transition process to ensure that along the way you don’t run out of industry or that citizens don’t suffer ‘energy poverty’… But Europe has grown too fat with contentment. And we are…
Link Securities| The railway manufacturer Construcciones y Auxiliares de Ferrocarriles (CAF), through its bus division Solaris, has applied as the main candidate to renew ATM Milano’s bus fleet, in a tender valued at €330 million and for which it will face competition from up to three different rivals, according to the newspaper elEconomista.es. The tender, which will be resolved in the coming weeks, according to sources involved in the process,…
Bankinter | Aena (AENA) airports recorded 16.9 million passengers in January, which is +2% compared to January 2019 (pre-virus) and compares with -2% in December. Compared to last year, it is up +63%, although it should be borne in mind that, at the beginning of last year, traffic was still affected by the Omicron variant. Analysis: Good news. Passenger traffic continues to improve in January, surpassing pre-virus levels for the…