Acciona abandons the race for high speed trains in Spain
Banc Sabadell | Spanish infrastructure construction group Acciona may have decided not to continue in the bid to compete with Renfe in the liberalisation of high speed trains in Spain.
Ibex
Deustche Bank exits Amadeus; largest shareholder is now Blackrock with 5%
Alphavalue | Deustche Bank has sold its holding of 4.8% which it maintained as shareholder of reference in Amadeus. The operation has been produced for a total of approximately 139.9 million euros, at 67.02 euros per share, taking into account the current price of the company´s shares.
Mergers in the crosshairs of banks listed in Spain
Directors of the main financial entities in Spain took part in a financial encounter earlier this week. They spoke about mergers and acquisitions, how to generate shareholder value and banking profitability in a scenario of economic slowdown and negative interest rates.
A strategic problem for Ferrovial
Ferrovial is preparing, together with the French company SNCF, an offer for one of the high speed rail operator licences in Spain. In this way Ferrovial will compete with Renfe from December 2020.
Repsol wins four oil concessions in Brazil, Repsol, brazil
Link Securities | Repsol has won a total of four concessions in Brazil’s marine oil and gas exploration blocks in the auction held by the National Petroleum Agency (ANP) of the country.
Viscofan: Waiting for signs of stabilization
Renta 4 | Due to a more adverse market environment than initially anticipated and the increased competitive pressure in Southeast Asia and Europe, VIS revised downwards its 2019 guidance, slightly in revenue (-1%) and more markedly in recurring EBITDA ( -7%) and recurring net profit (-18%). The new estimates consider an increase in sales + 5 / + 7% and recurring EBITDA + 2 / + 5% and a fall in recurring net profit -6 / -12%.
Market fears that Acciona may increase its debt to finance an unprofitable business
Spanish infrastructure group Acciona is increasing its shareholding in German wind turbine manufacturer Nordex. First it will buy in the first stage 10% of Nordex for € 99M – raising its stake to 36.3% – and subsequently will launch a takeover bid for the rest of the share capital to € 10.32 / share.
Repsol registers new subsidiary to manage its green energy business
Spanish oil-and-gas company Repsol SA just created a new subsidiary for its renewable energy business: Repsol Renovables. This new company will be responsible for carrying out the new green energy projects that the oil company has for more than 1Bn investment.
Cellnex achieves critical mass in the United Kingdom: 8,000 locations compared to the current 828
Cellnex acquired the Telecoms unit of Arqiva for 2,000M GBP. The Spanish company reached an agreement with Arqiva to acquire c.7,400 new locations and the commercialization rights of c. 900 locations throughout the United Kingdom.
BBVA approves a dividend of 0.1 euros/share (RPD of 2,2%) to be paid on October 15
Renta 4 | Spanish bank BBVA´s Board has approved the payment of the dividend on account of the 2019 results for a gross amount of 0.1 euros/share (versus 0.12 euros/share expected by R4), which implies a return per dividend of 2.2%.