Telefonica is considering selling mobile and towers and fibre cables to its subsidiary Telxius (50.01%9 with the aim of giving greater visibility to the value of these assets, taking account of the major recognition telecommunications infrastructure is receiving in the markets.
Bankinter | Iberdrola will enter the Stoxx 50 index on 23 September. The Spanish electricity company will form part of the Stoxx 50 index which groups together the 50 largest companies in 17 European countries, including Switzerland and the UK.
Sabadell | Blackstone Infrastructure Partners (29% Enagas) has launched a non-binding offer to increase its holding in the US Tallgrass from 44% to 100%, which would mean that Enagas would go from 12.5% to 25% indirect if it decides to participate, which has still not been decided.
Alphavalue | OHL, through its subsidiaries Judlau Contracting and Community Asphalt, has signed contracts to carry out two contacts in the US for about 70 M€.
Banc Sabadell | According to the press, Denver International Airport (US) has unilaterally cancelled the contract which was awarded in 2017 to the Great Hall Partners consortium (in which Ferrovial holds 80%) to remodel and operate commercially for 34 years its main terminal.
Bankinter | The media company Prisa is negotiating exclusively with Cofina the sale of Media Capital, its Portuguese subsidiary. In the past it negotiated the same sale with Altice for 440 Mn€, but the competition authorities did not approce the operation.
Santander Corporate & Investment | The Ministry of Ecological Transition has published its response to the regulator´s (CNMC) proposals for changes to the rules on the gas and electricity transportation and distribution networks and gas storage installations. Based on the four documents presented in CNMC before the 9 August deadline, the Ministry values the regulator´s proposals favourably.
Renta4 | The oil company has returned to the market for the first time since May 2017, closing an issue of 8 year bonds for 750 M€ at a price of 99.684% and fixed annual coupon of 0.25%, whose trading admission will be sought in the Luxembourg stock market.
The Spanish media company published its results for the first half and second quarter of 2019. The principle figures compared with the Bloomberg consensus are: Income 256.4 M€ (-7.9%) vs 253€ estimated; EBITDA 92.7 M€ (+0.8%) vs 87.3 M€ estimated; EBITDA margin 36.1% (vs previous 33.0%); EBIT 87.7 M€ (-1.2%) vs 84.3 M€ estimated; EBIT margin 34.2% (vs previous 31.9%); NAP 74.3 M€ (+3.1%) vs 65.9 M€ estimated and EPS 0.24€ (+9.0%) vs 0.18€ estimated.
Telefonica published its Q219 results. According to Bankinter market watchers, they are slightly better than expected: Income +0% to 12.142 Bn€ vs 11.981 Bn€ expected by the consensus. Operational profits -12% to 1.802 Bn€ vs 1.755 Bn€. Net profits -4.5% to 862 M€ vs 880 M€. Net debt 40.230 Bn€ vs 40 Bn€.