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.
Santander | The publication of the 2018 results have practically finished, and Europe´s company profits have shown their resilience in a global scenario dominated by the uncertainty generated by the fear of a “trade war”, volatility in emerging markets, currency weakness, Brexit, the increase in populism in the South of Europe…
One day before the General Shareholders’ Meeting, the former president of BBVA announced on Thursday by letter that he is temporarily leaving the positions that bind him to the entity (he is the honorary president of the bank and the Foundation) until the end of the investigation of the Villarejo case, in which BBVA is related to a supposed espionage of politicians, businessmen and journalists when González occupied the presidency.
Endesa and Iberdrola will next month begin to receive the first gas tankers from the Corpus Christi gas liquefaction plant, after this installation received the necessary permits for putting into function its first convoy. In this way, both Spanish companies put in action agreements of above 10 billion euros for the purchase of gas over the next 20 years.
Abertis will pay an extraordinary dividend of approximately 10 billion euros, of which ACS will receive approximately 4 billion euros, and this will allow it, in turn to improve its dividends. Abertis has announced to its shareholders – Atlantia (50%), ACS (30%) and Hochtief (20%) – the distribution of an ordinary dividend between 2018 and 2020 of 2.675 billion euros (891.6 million euros per year).
Iberdrola’s shares have exceeded 10 year maximums with a satisfactory evolution of +24% since the October lows. Analysts at Alphavalue highlight the good balance between the firm’s diverse businesses and the lower intensity in the consumption of CO2 rights.
As a result of conversations maintained with Shanghai RAAS, Grifols has reached an agreement to buy assets through a share issue. The Spanish company will buy 26.2% of economic and voting rights in the Chinese firm (valued at €3.8 Bn). So, Shanghai RAAS’ capital will become: 26.7% Create Group, 26.2% Grifols and 25.8% RAAS China Limited.
Naturgy expects to invest 2 billion euros during 2019, of which 70% will be destined for Spain: almost 1 billion euros in new renewable installations, 175 million euros for electricity networks and another 220 million euros in gas networks. This was announced by the company’s president, Francisco Reynes, during a press conference prior to the General Assembly of shareholders held in Madrid yesterday.
The Spanish constructor has won the tender for a contract the construction of tunnels and bridges on a 15km stretch of the 1-64 highway between Hampton and Norfolk in the state of Virginia. Among other things, ACS will add four additional lanes to the highway through new tunnels. It is the largest infrastructure project Virginia’s history.
Ferrovial, principal private sector Spanish airport management company, intends to participate in the privatisation of the French Aeroports de Paris, which the French government is trying to offer on a 70 year concession. They calculate it will make between 8 and 10 billion euros. Ferrovial recognises that the scale of the operation will require the formation of consortia.