TCI sells 0.8% of AENA
Banc Sabadell | The regulator has announced that TCI will make an accelerated sale of 0.8% of AENA at an estimated price (according to Bloomberg) of 159.53 Euros/share (-2.2%).
Ibex
ACS confirms “significant” dividend increase: 37% over 2018
Bankinter | The company has announced that it will share 1.44 euros gross per share as a complementary dividend. This means that the total dividend for the year will be 1.89 euros/share (+37% over the previous year).
Acciona reinforces its wager on infrastructure maintenance with new contract in Canada
Acciona has won two contracts for maintenance of Canadian roads, which means taking responsibility for 4,200 km of carriageways in the province of British Columbia for 10 years for 235 million euros.
“Inditex, everything in the price, limited capacity: UW (20 euros)”
Morgan Stanley | There is no doubt that Inditex (ITX) is a high quality and well-managed business with an impressive historical record.
Siemens Gamesa takes robust steps in maritime wind power
Alphavalue | The perspective for Siemens Gamesa presumably seems brilliant offshore, given that the industry is now focused on the high sea. Aerogenerator makers declined significantly in 2017 due to the system of auctions in almost all markets, which put pressure on prices in the whole supply chain.
Net value of Santander new real estate company reaches €2Bn
Alphavalue | Santander bank just created the Company Landmark Iberia to transfer all the land assets it has due to its exposure to the housing market.
Naturgy will invest nearly 1 billion euros in renewables growth in Spain
Alphavalue | The energy multinational Naturgy in the period 2018-2019 will invest a total of 955 M€ in the development of rentable Energy in Spain, which will make the company increase this year 82.8% its installed potential in renewables compared to 2018. In an interview with Efe, the director of Naturgy Renewable Development in Spain, Carlos González Samano, has said that “the details of these investments will be substantiated in…
Entry of Enagas in the US: OP of 26.21 € per share
Link Securities | The President of Enagás, Antonio Llardén, qualified last week´s agreement with Blackstone to enter the US market as a historical milestone for the Spanish company in putting Enagás on the global chess board of gas infrastructure.
80% of Ferrovial´s free cash flow comes from dividends in the US and UK
Alphavalue | The Spanish constructor revealed on Friday the traffic figures for February. Heathrow airport had 1.48 M passengers in February, an increase if +1.7% yoy.
High acceptance (72%) of Telefonica’s hybrid bonds
Renta 4 | Telefónica has announced the result of the repurchase of the 2 hybrid bonds which it issued on 5 March. The nominal aggregate value which Telefónica will accept to purchase the bonds has reached 934.7 million euros, of which 586.5 million euros corresponds to the bond with maturity in December 2019 and 348.2 million euros with maturity in March 2020.