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Acciona hydrogen

Ibex, Markets, Spanish economy 18th February 2021

Acciona Allies With Plug Power To Take 20% Of The Green Hydrogen Market In The Iberian Peninsula

The group has reached an agreement with U.S.-based Plug Power to create a 50/50 subsidiary to develop green hydrogen projects in Spain and Portugal, hydrogen produced from renewable electricity. The companies aim to achieve a 20% market share by 2030, thanks to an initially planned €2 Bn investment. Plug Power will be the preferred supplier of electrolyzer technology to the new venture, while Acciona will be the preferred supplier of clean electricity.

heathrow arrivals

Ibex, Markets, Spanish economy 15th February 2021

Ferrovial Negotiates An Urgent Plan With The UK To Save Heathrow

Heathrow Airport Limited is controlled by a consortium led by Ferrovial with a 25% stake, Qatar Investment (20% of the capital), Caisse du Quebec (12.62%) and Singapore’s GIC fund (11.2%). The partners have already activated new urgent lines of financing for a total of 850 million euros. Heathrow wants to increase prices, and the regulatory body (CAA) is receptive to the request. But it wants the dividend cut to shareholders to be extended.

UK renewables

Ibex, Markets, Spanish economy 11th February 2021

ACS Wins 480 MW Of Wind Power Licenses In The UK For €510 M

ACS, through its subsidiary Cobra, has been awarded 480 MW in the auction held to assign new licenses for offshore wind power facilities off the coast of the UK. The project will involve an investment of €510 M during the 10 years it will take to develop and build the plant before the wind turbines come into operation for an estimated period of 60 years. ACS has beaten other bids from large electricity companies such as Iberdrola in this auction, the first major British auction of wind farm licenses in more than a decade.

BME Spanishstock exchange

Spanish economy, Spanish Small & Mid Caps 10th February 2021

BME Bring 22 Spanish Small & Medium Cap Companies With Investors In Frankfurt

Fernando Rodriguez | BME bring 22 spanish small&medium cap companies with investors in the fourteenth edition of the Frankfurt European Midcap Event, that started yesterday. BME is a regular sponsor of this annual event, which aims to put medium and small capitalisation companies from different European countries in contact with more than 75 investors interested in this type of issuers. 

CAF Bombardier

Markets, Spanish economy, Spanish Small & Mid Caps 8th February 2021

Alstom Withdraws Bid For Mega-Contract Won By CAF-Bombardier Consortium

Renta 4 | Alstom has decided to cancel its bid for the contract for the supply of 146 trains worth 2.560 billion euros that the CAF-Bombardier consortium won three weeks ago, considering it to be unfeasible. From a financial point of view, this setback leaves in the air a contract worth, according to the latest information from the consortium, around €1 Bn. Moreover, from a strategic point of view, CAF could lose the opportunity to consolidate its position as the second largest operator in the French market.

Iberdrola Ireland

Ibex, Markets, Spanish economy 5th February 2021

Iberdrola Acquires 3 GW Offshore Wind Project Pipeline In Ireland

Iberdrola agrees to acquire majority stake in three DP Energy projects on the east, west and south coasts of the country, which will be eligible for the forthcoming offshore auctions in 2025-2030.The company already operates offshore wind farms in UK and German waters, with new developments in the UK, US and France · Including Ireland, Japan, Sweden and Poland, Iberdrola’s offshore wind pipeline now exceeds 30 GW.

Spanish Banks coronacrisis

Ibex, Markets, Spanish economy 4th February 2021

Spain’s Big Banks Lose €5.55 Bn Due To Coronavirus; Santander Posts Losses In Its Annual Results For The First Time

Santander, BBVA, CaixaBank, Bankia, Sabadell and Bankinter posted combined losses of €5.55 Bn last year, with their accounts badly affected by the coronavirus, compared to the more than €13.5 Bn achieved in 2019. These negative figures are mainly due to the great losses suffered by Santander, €8.77 Bn, the first of its history, compared to the €6.51 Bn it earned in 2019. Santander’s losses came after increasing provisions for the covid-19 crisis and assuming an impairment of €12.6 Bn in the value of its subsidiaries in the UK, the US and Poland.

O2 shop

Ibex, Markets, Spanish economy 27th January 2021

UK Antitrust Watchdog Will Focus Its Investigation Into O2 And Virgin Merger On Wholesale Services

Telefónica and Liberty Global reached an agreement in early May last year to merge their UK businesses and create the market-leading fixed and mobile operator in the country. According to the UK Competition and Markets Authority (CMA), the combination of Telefónica subsidiary and Virgin could lead to higher prices for wholesale fiber and mobile services. Thus they announced an investigation into the merger and its possible consequences before giving the go-ahead to the deal.

naturgy ok

Ibex, Markets, Spanish economy 26th January 2021

IFM Global Infrastructure Launches Partial Takeover Bid For Naturgy At 23 €/Shr – A Premium Of 28.9%

Global InfraCo, owned by Australian fund IFM Global Infrastructure, has announced a voluntary and partial tender offer for up to 220 million shares in Spanish energy company Naturgy, representing 22.69% of the firm’s share capital. The offer price is €23 per share, which is a premium of 28.9% over the volume weighted average price of Naturgy shares for the last six months and 19.7% over Naturgy’s share price at yesterday close. For Bankinter’s analysis team, the offer is “attractive for minority shareholders”.