Inmobiliaria Colonial announced at the market close on Tuesday that its board and that of the socimi Axiare have approved the merger of both companies. The integration still has to be ratified at the respective shareholder meetings. It will be carried out via a share exchange: 1,8554 shares of Colonial for each share of Axiare.
Iberdrola has exceeded 56% of its share buyback programme by up to 1.543% of its capital, after investing over 3 million euros in its own shares in its last buyback operations, according to a statement from the company lodged with the Stock Market Regulator (CNMV).
Ferrovial will have a new source of dividends in 2019, when it will begin to receive them from one of the motorways it operates in Texas (US), the North Tarrant Express, the 21,4 kilometres long road linking Dallas and Forth Worth.
Telefonica is starting the process of preparing a stock market listing for a stake in its currently fully-owned Argentine subsidiary. In the upcoming AGM on April 16, it’s expected that authorisation will be sought from shareholders to go ahead with the share placement.
At Siemens Gamesa’s AGM last Friday both the CEO Marcus Tacke, and chairwoman Rose García insisted that there is “no doubt” that Spain will remain the company’s “seat of power.”
In three months, Barclays has cut its price target for Telefónica on four occasions, from 9,8 euros/share in December to 9 euros/share last time round, on March 19. That’s almost 10% lower. How can a company’s value change so much in such a short space of time?
ACS has won a contract worth 1 billion euros, related to one of the biggest hydroelectric projects in Canada’s history, boosting its presence in North America, its main market.
Criteria, La Caixa’s investment arm, and Abertis’ largest shareholder with 21.55%, will take up the offer launched by ACS, Hochtief and Atlantia and will sell the whole of its stake in the Spanish concessionaire.
So here is the final chapter in the story of the bid for Abertis: ACS and Atlantia have agreed to share management of the new company they will create to buy Abertis, in which they will each hold a 50% stake. Both companies want to keep the current management team. The chairman will be Spanish and Abertis’ HQ will be in Madrid.
The US President has approved a discretionary imposition of tariffs on steel (25%) and aluminium (10%). So what does this mean for Spanish domestic manufacturers Arcelor and Acerinox?