Ibex 35 Financial Markets

Ibex

Cellnex buys El Corte Inglés' antenna business for € 70M

Ibex, Markets 15th July 2020

Cellnex Bets On Inorganic Growth: Considers Buying 28,000 Towers From Hutchinson

Cellnex would be studying taking a minority stake in the European telecommunication tower network CK Hutchison, which is valued at about $10 billion, according to Bloomberg. This has been linked to news about Cellnex potentially making a €3 billion capital increase to raise funds for a large operation. The acquisition of a minority stake in a telco tower business would imply a deviation from Cellnex’s growth strategy up to now, as it has focused on buying complete networks.

Ibex, Markets 8th July 2020

Green Light For Foreign Investment In Spanish Operator MasMovil

The government has approved the takeover bid by the Cinven, KKR and Providence funds for MasMovil, meaning another requirement for the success of the operation has been met. On 1 June, a consortium formed by these three funds launched a bid for 100% of the Spanish operator’s capital at 22.5 euros/share.

Ibex, Markets 7th July 2020

Telefónica, Germany’s SAP Create An Alliance To Host A Large Private Cloud In Spain

Telefónica and SAP Spain have announced an agreement to promote business cloud computing services, both in the form of private cloud from Telefónica’s Infrastructures as a Service in Madrid (IaaS), and in the public cloud (SaaS). Amongst the main milestones of the partnership between the two firms is the conversion of Telefónica’s data centre into the first in Spain to offer private SAP cloud services.

Ibex, Markets 6th July 2020

Enagás And BP Join Forces To Boost Promotion Of LNG And CNG In Transport And Renewable Gases

Enagás and BP Oil España have signed an agreement to promote emission reduction projects in Spain. Their objective is to boost the role of renewable gases in the energy mix, helping to reduce the carbon footprint. So Enagás, through its subsidiary Scale Gas, will roll out LNG and CNG sale points in BP’s filling stations’ network, promoting the use of a low emission energy source as fuel in the automotive sector.

Ibex, Markets 3rd July 2020

BBVA Bets On US Market With The Opening Of 15 New Branches In Texas

These branches, which have already received the relevant opening authorisations, are part of BBVA USA’s five-year strategic plan announced a few months ago. “Although the Covid-19 pandemic has accelerated the migration of operations from branches to digital channels, in the short term and perhaps beyond, the truth is that banking is a people business,” said Larry Franco, head of retail banking for BBVA USA.

Eight Spanish banks brands amongst the 500 most valued worldwide

Ibex, Markets 3rd July 2020

Ibex Banks’ Capitalization Has Dropped 40% in the first semester 2020

The market capitalisation of Spain’s six leading banks has slumped by approximately 53.11 billion euros. All the lenders recorded declines in their share prices, which ranged from 39.3% for CaixaBank to 54.9% for Banco Sabadell. The combined market capitalization of the six banks at the end of the first half was 76.398 billion euros, compared to 129.509 billion end-2019.

Ibex, Markets 2nd July 2020

Amadeus Obtains €200 M EIB Loan For Innovation In The Tourism Sector

Amadeus continues to raise financing in the current difficult situation. The EIB’s loan’s principal will be used to finance research and development activities for a variety of new technology solutions for airlines, airports, travel agencies and railways. The company will carry out this R&D in 2020-2021.

Ibex, Markets 26th June 2020

Why Is Iberdrola Not Part Of The New iTraxx ESG index?

Santander Corporate & Investment | The launch of the MSCI ESG Screened Europe iTraxx Index, based on the MSCI iTraxx Europe Series 33 Index and the application of three MSCI filters, took place with great fanfare on June 21. Enel and Iberdrola have AAA ratings from MSCI for their ESG (environmental, social and governance) characteristics, but they have presumably been excluded from the index because of their involvement in nuclear and coal-fired energy production.

Ibex, Markets 24th June 2020

Fitch Lowers BBVA’s Long-Term Senior Debt Rating By One Notch To A –

The main reasons for the downgrade are the economic deterioration in the regions where the bank is present, especially Mexico and Spain. However, it also flags that even after losing a rating notch, BBVA has sufficient financial cushion, geographical diversification and a good competitive position in its reference markets to avoid being affected by new downward revisions in the short term.

Ibex, Markets 23rd June 2020

Siemens Gamesa Wins Contract To Supply An Offshore Wind Farm In The UK (4.9% Of The Order Book)

Through one of its subsidiaries, Siemens Gamesa has received a conditional order from Innogy SE for the supply of 100 units of the SG 14-222 DD offshore wind turbine. The order, with a total potential of 1.4 GW, is for the Sofia wind farm, located 195 km off the UK’s northeast coast. The deal also includes a service and maintenance contract. The order represents 4.9% of Siemens Gamesa’s portfolio at end-March.

« 1 … 33 34 35 36 37 … 95 »