Companies

Companies, Relevant News Item 6th August 2024

OHLA to launch two consecutive capital increases for total amount of up to €150 million

Link Securities | In connection with a forthcoming share capital increase operation for an effective amount (nominal amount plus share premium) of €100,000,000 by means of cash contributions with recognition of pre-emptive subscription rights, OHLA informs that it has continued to work on the search for investors interested in investing in OHLA’s capital. In this regard, the company informs that it has reached an agreement of intent, subject to conditions,…

Companies, Relevant News Item 6th August 2024

Airbus deliveries hit record level at 77 in July

Deutsche Bank | Airbus published its July orders and deliveries, with 77 deliveries and 59 gross orders (57 net orders). Deliveries were at a record level for a July month, with only July 2018 equalling the 77 units achieved this month. The 59 gross orders do not yet reflect all MoUs signed at Farnborough. Target price €155. Last close €130.5, Hold.

Companies, Relevant News Item 6th August 2024

Greening to build 25 MW self-consumption project for Seat with estimated investment of €22.54m

Renta 4 | Greening Group will build 26.44 MW of self-consumption for the automotive group Seat at its facilities in Catalonia, in what will be one of the largest self-consumption projects in Europe. The estimated investment is €22.54 million. Assessment: Positive news that underpins the company’s strategy within its new Strategic Plan. We reiterate our Overweight recommendation, with a target price of €8.50/share.

Companies, Ibex, Relevant News Item 6th August 2024

Acciona Energy wins 12-year contract for Promina photovoltaic plant, which will be Croatia’s largest

Link Securities | Acciona Energy (ANE) on Monday announced the award of a 12-year “contract for difference” (CfD) with Croatian energy regulator Hrvatski Operator Trzista Energije (HROTE) for the 189MWp Promina photovoltaic plant, currently under development, according to Bolsamania. According to Acciona Energía, Promina will be built in the province of Sibenik-Knin, in southern Croatia, and will be the country’s largest solar plant when it comes into operation in 2027….

Companies, Ibex 5th August 2024

IAG abandons Air Europa takeover due to European Commission demands

Link Securities | The European Commission (EC) explained on Friday morning the reasons why it opposed the purchase of Air Europa by IAG, according to Expansión. Iberia’s parent company announced on Thursday that it was abandoning the operation due to the EC’s demands, as it considered that the acquisition would no longer make sense if it had complied with them. The merger between the two would have adversely affected competition…

Companies, Ibex 5th August 2024

Iberdrola buys 88% of British distributor ENW for €5 billion

Norbolsa | Iberdrola (IBE) announced that it had agreed to acquire an 88% stake in UK network operator ENWL for €5 billion (€2.5 billion equity value). The closing of the transaction is now subject to obtaining approval from the UK government within an initial three months and a review by the Competition and Markets Authority.

Companies, Ibex 5th August 2024

UK court embargoes Aena’s Luton shares over Spanish government cuts to renewables

Bankinter | A British court has placed a precautionary embargo on the airport operator’s right of usufruct over Luton Airport (London). The decision affects 26.01% of Luton’s shares, where Aena has a total stake of 51%. It therefore affects the Spanish government’s indirect shareholding in the British airport. It is the consequence of an award condemning Spain for the cut in premiums for renewable energies. Specifically, the energy company NextEra…

Companies, Ibex 2nd August 2024

Government gives Enagás green light to start Spanish part of H2Med

Banco Sabdell : According to press reports, the Council of Ministers will today authorise Enagás to start the Spanish part of the future European hydrogen network, H2Med. Work should start soon to meet the target of being operational by 2030. Assessment: Positive news with limited impact, as it will be a long process until 2030, the date initially planned (ceteris paribus) for the start of operations. H2Med is estimated to…

Companies, Ibex 2nd August 2024

Iberdrola, ICO, Sabadell and HSBC sign €500m syndicated green loan to finance wind, PV and battery projects in US and Australia

Link Securities | Iberdrola, ICO, Sabadell and HSBC have signed a syndicated green loan for an amount of €500 million that is covered by Cesce through its Green Investment Policy on behalf of the State, and which is guaranteed by the Internationalisation Risk Reserve Fund (FRRI), attached to the Ministry of Economy, Trade and Enterprise. The proceeds of the transaction will be used to finance renewable wind and photovoltaic projects,…

Companies, Uncategorised 1st August 2024

Meliã earns €36m in 2Q24, 7% more than in same quarter of 2023, compared to €40m expected by consensus

Bankinter: Results for the stock in 2Q24 have been slightly worse than expected, but maintains guidance for the year. Key figures: Sales +1% to €520M versus estimated €528M; EBITDA +1% to €142M versus estimated €144M; EBITDA +7% to €36M versus estimated €40M. Net Debt reduced to €892M in June 2024 from €1,197M in March, and its liquidity position improved to €392M versus €305M previously. The outlook for the company continues…

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