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telefonica vivo

Ibex, Markets 31st July 2020

Telefonica Joins Forces with TIM And Claro To Buy Oi, A Deal Aimed At Defending Its Leadership Position In Brazil

Spanish telecommunications’ giant Telefonica, together with Italy’s TIM and Mexico’s Claro, have tabled a 2.706 billion euros joint offer for the assets of Brazil’s Oi, the fourth largest telco in Brazil. This bid is 10% over the minimum auction price of 2.5 billion euros required by the company. Telefonica is market leader in Brazil with a share of 33% followed by TIM and Claro, with 24% each.

Spain confronts Brexit: The moment of truth for Spanish companies in the UK

Ibex, Markets 30th July 2020

IAG Needs To Strengthen Its Capital Despite Its €10Bn Of Liquidity

As reported in its Q1’20 financial results on May 7, IAG had a solid balance sheet and liquidity position prior to the health crisis. It had cash and undrawn credit lines amounting to 10 billion euros as of April 30. So the board’s announcement that it will carry out a 2.75 billion euros capital hike to strengthen its balance sheet (61% market capitalisation) was surprising.

Cellnex torreta

Ibex, Markets 24th July 2020

Cellnex To Increase Capital By €4 Bn To Finance New Acquisitions

The rumor has been confirmed. Cellnex has announced a capital increase of 4 billion euros, 18.5% of its current market cap, which will put into circulation 101.4 million shares, which means 26.3% of the current shares at an issue price of 39.45 euros. The purpose of the capital hike is to finance the group’s expansion via acquisitions. According to the company’s press release, it is looking at assets worth up to 11 billion euros to invest in within the next 18 months.

Arcelor 735x400 1

Ibex, Markets 21st July 2020

ArcelorMittal Invested Over €147 M In 2019 To Improve Its Facilities In Spain

ArcelorMittal reinforced the competitiveness of its facilities in Spain with the investment of more than 147 million euros in 2019, according to the ‘Sustainability Report’. In addition, the group invested 45 million euros in research and development work in Spain, an increase of 12.5% compared to 2018. The company highlighted that the investment in this section of its R&D exceeds 100 million euros in the last three years.

grifols blood bags

Ibex, Markets 21st July 2020

Grifols Buys Assets In The US And Canada For $460 M

Grifols makes a significant investment to become the only large-scale commercial manufacturer of plasma products in Canada, with a fractionation capacity of 1.5 million liters/year.The operation aligns with Grifols’ commitment to helping countries reach self-sufficiency of life-sustaining plasma-derived medicine. The acquisition includes 11 collection centers in the United States

Enagas headquarters

Ibex, Markets 16th July 2020

Enagás Receives EU Support For The Development Of 16 LNG And Hydrogen Vehicle Supply Points

The European Union has given Enagás the green light to develop 15 refueling stations for LNG vehicles and one for hydrogen. This move is within the framework of the ‘ECO-net’ project, coordinated by the Spanish energy company. The project has a global budget of approximately 13 million euros. These supply points – the hydrogen one will be the first in Spain at 700 bar pressure – will be distributed along the Spanish corridors of the Trans-European Transport Network.

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. 

Masmovil

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.

telefonica cloud

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.

enagas factory

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.