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Ibex

oliu torres

Ibex, Spanish economy 27th November 2020

Talks Between BBVA And Banco Sabadell About A Potential Merger Terminated Without Agreement

Renta 4 | The reasons for the cease of negotiations would be, on the one hand, the lack of agreement on the exchange equation and the price to be paid, and on the other, the distribution of power. The suggested retirement for Sabadell’s chairman Josep Oliú in exchange for the operation being paid for in cash would not be well received by the ECB, given the risk of BBVA’s chairman Carlos Torres being charged in relation with the Villarejo case. This could then leave the merged group without a chairman. So the ECB would have urged a joint presidency between Torres and Oliú.

BBVA Sabadell 1

Ibex, Markets, Spanish economy 22nd November 2020

BBVA And Sabadell: High Probability Of Agreement; Shareholders To Obtain A Value Generation Near 30%

Santander Corporate & Investment | A possible acquisition of 100% in cash of Banc Sabadell by BBVA would generate significant value for the shareholders of both banks. BBVA and Banco Sabadell confirmed this week that they are holding conversations about a possible merger of both entities. The resulting entity would have a market share of 24% in Spain in loans to customers and c.23% in customer deposits against 30% and 28%, respectively, in the case of the combination of Caixabank and Bankia.

Santander consumer bank

Ibex, Markets, Spanish economy 17th November 2020

Santander Considers Cutting 4,000 Jobs While Hiking Capital To Execute Its Dividend Of 0.1 €/Share

The rights related to the bonus capital hike with which Santander will pay its next dividend, a final dividend of 0.1 euros/share charged against 2019 results, began to trade on the stock exchange this week. There are two options available to shareholders: 1) Sale of rights received free of charge, at the price at which they are trading on the market when they are sold. The trading period will be extended – officially- until 30 November. 2) Collection of the dividend in shares, receiving one free share for every 23 old ones.

BBVA Sabadell

Ibex, Markets, Spanish economy 17th November 2020

BBVA, Banco Sabadell In Talks Over Possible Merger

The combination of the two banks would give rise to the second Spanish lender by global business, behind Santander, with almost €1 billion in assets. The confirmation of these contacts came hours after BBVA announced the sale of its US subsidiary to the financial services group PNC for €9.7 billion and capital gains of 580 million. This could mean that BBVA would not need a capital increase to execute an operation involving a smaller rival.

Australia spain firms

Ibex, Markets, Spanish economy 17th November 2020

ACS, Acciona And Ferrovial Compete For €2.15 Bn Australian Railway Project

he three main Spanish infrastructure groups with a presence in Australia, ACS, Acciona and Ferrovial are in the final push for a new multi-million dollar project in the oceanic country. The companies are part of two of the three consortiums which have entered the bidding phase to execute the main works of the Inland Rail. This is the largest railway project in the country for 100 years. It consists of a high productivity freight corridor between Melbourne and Brisbane.

Cellnex Hutchinson

Ibex, Markets, Spanish economy 16th November 2020

Cellnex Buys CK Hutchison’s European Tower Business And Approaches The World Leader American Power

Cellnex has announced it will buy the Hutchinson towers in Europe for 10 billion euros. The operation will be paid partly in shares so that Hutchinson will acquire 5% of the Spanish group. Since its IPO five years ago, this has invested more than 25 billion euros in purchases. This latest operation with CK Hutchinson will position Cellnex with more than 100,000 towers closer to the world leader American Tower. 

pfizer anuncia 1

Ibex, Spanish economy 10th November 2020

The Ibex35 Had The Highest Rise In A Day In The Last Decade After Pfizer And BioNtech Announcement

Banca March | Euphoria yesterday in a good part of the world’s stock exchanges, after the Pfizer-BioNTech consortium announced an effectiveness of over 90% in its prototype of a vaccine against the Covid-19. In Europe, the Ibex 35 took the lead (up 8.5%), as it registered the highest rise in a session in the last 10 years. This excellent news reminds us how quickly the world can change once there is a remedy. And it can favour countries and/or sectors which up to now have been more affected by social isolation.

iberdrola guapis

Ibex, Markets, Spanish economy 9th November 2020

Iberdrola Launches €75 Bn Investment Plan To 2025 As A Commitment To Economic Recovery

90% of this investment volume – €68 Bn – will be organic and will be aimed at consolidating its business model, based on more renewable energy, more networks, more storage and more intelligent solutions for its customers. The rest, €7 Bn, corresponds to the recently announced acquisition of American company PNM Resources. This unprecedented rate of expenditure will represent an average investment of €10 Bn per year between 2020 and 2022, and €13 Bn per year in the period 2023-2025.

fibre optic

Ibex, Markets, Spanish economy 3rd November 2020

Telefonica And Allianz Create A Partnership To Deploy Fibre In Germany Through An Open Wholesale Company

Telefónica and Allianz have reached an agreement for the creation of a joint venture to deploy Fibre-to-the-Home (FTTH) in Germany.Both companies will each hold 50% under a co-control governance model. It will be an independent open-access wholesale operator focused on deploying fibre in rural and semi-rural areas of Germany to tap the potential of Europe’s largest broadband market.