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Ibex, Markets, Spanish economy 2nd March 2021

Parity Target Accomplished In The Ibex35 With 31.2% Of Women On Boards Of Directors

The IBEX-35 companies have registered a historic milestone by finally reaching the 30% target set by the CNMV recommendation for 2020, according to the latest edition of the report ‘Women on the Boards of listed companies’, prepared annually by ATREVIA and IESE. The presence of women in the index grew 3.9 percentage points, to occupy 31.2% of the seats. This progress, however, has not been able to compensate for the sluggish growth of the rest of the continuous market, which only advanced 2 points (22.9%) last year.

Ibex, Markets, Spanish economy 1st March 2021

Grifols Acquires 25 Plasma Donation Centers In The US For $370 M

Grifols now operates 344 plasma centers worldwide: 289 in the U.S. and 55 in Europe across Germany, Austria and, recently Hungary. The 25 centers acquired from BPL are authorized by the U.S. Food and Drug Administration (FDA) and the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA).

Telefonica ever closer to selling its Central American subsidiary

Ibex, Spanish economy 26th February 2021

Telefónica Cuts Its Dividend, But It Defends That This Strengthens Its Position

Telefónica’s board of directors has cut the dividend payable in 2021, which will now be made in two payments of 0.15 eur/share in June and December (previously 0.20 eur/share), while the “scrip” option is maintained. The first payment of 0.15 eur/share will be in December 2021. Telefónica’s Executive Chairman, José María Álvarez-Pallete, has defended the reduction of the company’s dividend, which he considers to be an appropriate price as it maintains a very high dividend yield compared to the Ibex and the sector as a whole.

Ibex, Markets, Spanish economy 23rd February 2021

Repsol Signs An Agreement With A Chinese Producer To Build Three Chemical Plants In Jiangsu

Repsol has licensed its technology for propylene oxide (PO) and styrene monomer (SM) and polyols so that a 200,000 tons/year PO and 450,000 tons/year SM plant can be built, and two plants with an aggregate production capacity of 125,000 tons/year of flexible polyether polyols (PPG) and polymeric polyols (POP). This agreement is in addition to the three previous technology licensing agreements reached by Repsol with Chinese companies since 2013.

Ibex, Markets, Spanish economy 22nd February 2021

Acciona To List Its Renewables Division This Year; Expects To Double Installed Capacity To 20 GW By 2025

Acciona expects the IPO to take place this year, market conditions permitting. The perimeter of the new company would include the entire Energy business, excluding the company’s stake in wind turbine manufacturer Nordex. The size and structure of the transaction is yet to be defined, but the free float would at least be 25% of the capital of the new listed company.

Spanish economy, Spanish Small & Mid Caps 19th February 2021

Irish Kerry Launches A Takeover Bid For Spanish Biosearch For 127 M€, At 2.2 € Per Share

Biosearch is a small Spanish biotech company based in Granada, specialising in the research, development and sale of functional ingredients (natural extracts, omega-3 and probiotics) for the nutrition and healthcare markets. The company’s triple positioning in those growing markets has enabled the company to weather the Covid crisis and captured the attention of the giant Kerry Group. Its Spanish subsidiary has made an offer for 100% of Biosearch at 2.2/share, which means a premium of 45.7%

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.

Ibex, Markets, Spanish economy 17th February 2021

The Spanish Government Aims To Save Naturgy’s Nature As Strategic For Spain Before Approving IFM’s Bid

Naturgy’s main shareholder, Criteria, insists it will only make its position official about the tender offer for the company by IFM just when the time comes. The government also must express its opinion on the operation. At this moment they are leaning towards vetoing the Australian fund entry in Naturgy to safeguard national interests.

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.

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.

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