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Santander NYSE Bell Podium

Ibex, Markets 5th August 2020

The NYSE Recognizes Santander’s Global Action For Entrepreneurs In Response To Covid-19

The New York Stock Exchange acknowledged Santander’s management of the Covid-19 effects on the world economy, particularly the international initiative Santander X Tomorrow Challenge. It is focused on giving innovative solutions to help soften the socioeconomic consequences of the health crisis. As a symbolic act of this recognition, executive chairman, Ana Botín, rang on Monday the virtual bell to mark the end of the Wall Street’s session. The initiative awarded 20 winning projects of entrepreneurs from 10 countries.

telefonica vivo

Ibex, Markets 31st July 2020

Telefonica Joins Forces with TIM And Claro To Buy Oi, A Deal Aimed At Defending Its Leadership Position In Brazil

Spanish telecommunications’ giant Telefonica, together with Italy’s TIM and Mexico’s Claro, have tabled a 2.706 billion euros joint offer for the assets of Brazil’s Oi, the fourth largest telco in Brazil. This bid is 10% over the minimum auction price of 2.5 billion euros required by the company. Telefonica is market leader in Brazil with a share of 33% followed by TIM and Claro, with 24% each.

Spain confronts Brexit: The moment of truth for Spanish companies in the UK

Ibex, Markets 30th July 2020

IAG Needs To Strengthen Its Capital Despite Its €10Bn Of Liquidity

As reported in its Q1’20 financial results on May 7, IAG had a solid balance sheet and liquidity position prior to the health crisis. It had cash and undrawn credit lines amounting to 10 billion euros as of April 30. So the board’s announcement that it will carry out a 2.75 billion euros capital hike to strengthen its balance sheet (61% market capitalisation) was surprising.

Abengoa AtlanticoYield

Markets, Spanish Small & Mid Caps 27th July 2020

Clouds Over Abengoa’s Viability Will Be Cleared This Week

Abengoa’s risk profile was already very high but this has been aggravated to the point where there is no possibility of business continuity due to the situation resulting from the Covid-19. Abengoa and the banks are negotiating against the clock to find a solution that will allow the company to receive 300 million euros before July 31 and avoid bankruptcy proceedings.

Cellnex torreta

Ibex, Markets 24th July 2020

Cellnex To Increase Capital By €4 Bn To Finance New Acquisitions

The rumor has been confirmed. Cellnex has announced a capital increase of 4 billion euros, 18.5% of its current market cap, which will put into circulation 101.4 million shares, which means 26.3% of the current shares at an issue price of 39.45 euros. The purpose of the capital hike is to finance the group’s expansion via acquisitions. According to the company’s press release, it is looking at assets worth up to 11 billion euros to invest in within the next 18 months.

X Elio fotovoltaica

Markets, Spanish Small & Mid Caps 23rd July 2020

China Three Gorges Interested In X-Elio Photovoltaic Assets To Enter The Spanish Market

The state-owned company China Three Gorges could be negotiating the purchase of X-Elio’s photovoltaic assets in Spain. These total 640 MW of installed capacity in operation, under construction or in a developing phase, includes the acquisition of 13 photovoltaic plants. According to sources close to the company, the operation could be worth around 500 M. €, which could include the debt related to these project. The operation could be one of China’s few acquisitions in Europe this year, Bloomberg said.

renewables

Markets, Spanish Small & Mid Caps 23rd July 2020

EDP And Macquarie Create A New Competitor In Spain’s Renewable Energy Sector

Banco Sabadell | Portugal’s EDP and Australia’s fund Macquarie have created a joint venture to acquire Spain’s Viesgo, the country’s fourth largest electricity company. EDP is acquiring Viesgo’s 500 MW of renewable assets for 615 million euros. As a result, EDP will hold 75.1% of the capital of the new Viesgo and Macquarie will hold the remainder. This new company would have been valued at 2.7 billion euros. Although a priori the creation of a new stronger competitor could mean pressure on the sector, we think it will have little impact since the greatest competitive pressures in the energy sector come from the commercialization leg.

Arcelor 735x400 1

Ibex, Markets 21st July 2020

ArcelorMittal Invested Over €147 M In 2019 To Improve Its Facilities In Spain

ArcelorMittal reinforced the competitiveness of its facilities in Spain with the investment of more than 147 million euros in 2019, according to the ‘Sustainability Report’. In addition, the group invested 45 million euros in research and development work in Spain, an increase of 12.5% compared to 2018. The company highlighted that the investment in this section of its R&D exceeds 100 million euros in the last three years.

grifols blood bags

Ibex, Markets 21st July 2020

Grifols Buys Assets In The US And Canada For $460 M

Grifols makes a significant investment to become the only large-scale commercial manufacturer of plasma products in Canada, with a fractionation capacity of 1.5 million liters/year.The operation aligns with Grifols’ commitment to helping countries reach self-sufficiency of life-sustaining plasma-derived medicine. The acquisition includes 11 collection centers in the United States