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Enagas headquarters

Ibex, Markets 16th July 2020

Enagás Receives EU Support For The Development Of 16 LNG And Hydrogen Vehicle Supply Points

The European Union has given Enagás the green light to develop 15 refueling stations for LNG vehicles and one for hydrogen. This move is within the framework of the ‘ECO-net’ project, coordinated by the Spanish energy company. The project has a global budget of approximately 13 million euros. These supply points – the hydrogen one will be the first in Spain at 700 bar pressure – will be distributed along the Spanish corridors of the Trans-European Transport Network.

Cellnex buys El Corte Inglés' antenna business for € 70M

Ibex, Markets 15th July 2020

Cellnex Bets On Inorganic Growth: Considers Buying 28,000 Towers From Hutchinson

Cellnex would be studying taking a minority stake in the European telecommunication tower network CK Hutchison, which is valued at about $10 billion, according to Bloomberg.  This has been linked to news about Cellnex potentially making a €3 billion capital increase to raise funds for a large operation. The acquisition of a minority stake in a telco tower business would imply a deviation from Cellnex’s growth strategy up to now, as it has focused on buying complete networks. 

Bolsachina

Markets, World economy 13th July 2020

There Are Good Reasons For The Strong Ongoing Rally In Chinese Equities

Mobin Tahir (Wisdom Tree) | The S&P China 500 Index is up 17.7% and the CSI 300 Index is up 16.8% year-to-date.Breakneck gains in stock markets create excitement, but also raise fears of bubbles. There are good reasons for the strong ongoing rally in Chinese equities, and – although risks lurk on the horizon – we aren’t in bubble territory.

mcdonald

Markets, World economy 13th July 2020

McDonald’s, Airbus, Apple… Some Important Firms In The World Were Born In Difficult Times

McDonald’s was born in 1948, after the crisis following the US government’s demobilisation from the war economy. Airbus, Microsoft, and Starbucks were founded during the stagflation era of the 1970s. Firms that are able to adapt and grow in difficult times often present attractive long-term investment opportunities. Which companies will become market leaders after the Covid-19 crisis? 

jose elias

Markets, Spanish Small & Mid Caps 13th July 2020

Audax Renovables Buys €60 Million Of Assets In Hungary

Spanish renewable energy company and Germany’s E.On have signed an agreement for the purchase and sale of commercial electricity assets in Hungary. The deal involves the transfer of a portfolio of over 82,000 customers accounting for 25% share of the market. It includes the supply by E.On to Audax of up to 6 TWh for two years.

Rovi

Markets, Spanish Small & Mid Caps 10th July 2020

Rovi To Manufacture Moderna’s COVID-19 Vaccine

US biotech firm Moderna and Spanish laboratory Rovi announced a collaboration agreement to carry out the filling and finishing of a candidate vaccine for Covid-19 (mRNA-1273) outside the US. ROVI will carry out the phases of vial filling and completion. Thus it will acquire a new production line and the necessary equipment for formulation, filling, inspection and labelling, as well as the additional personnel required.The new line would be owned by Rovi, but Moderna will make the investment.

Masmovil

Ibex, Markets 8th July 2020

Green Light For Foreign Investment In Spanish Operator MasMovil

The government has approved the takeover bid by the Cinven, KKR and Providence funds for MasMovil, meaning another requirement for the success of the operation has been met. On 1 June, a consortium formed by these three funds launched a bid for 100% of the Spanish operator’s capital at 22.5 euros/share.

telefonica cloud

Ibex, Markets 7th July 2020

Telefónica, Germany’s SAP Create An Alliance To Host A Large Private Cloud In Spain

Telefónica and SAP Spain have announced an agreement to promote business cloud computing services, both in the form of private cloud from Telefónica’s Infrastructures as a Service in Madrid (IaaS), and in the public cloud (SaaS). Amongst the main milestones of the partnership between the two firms is the conversion of Telefónica’s data centre into the first in Spain to offer private SAP cloud services.

YenJuly2020

Markets, World economy 6th July 2020

Empty-Handed BoJ To Set The Tone For A Mildly Strengthened JPY

Olivia Álvarez (Monex Europe) | The USDJPY pair has remained broadly range – bound after central banks aggressively intervened to stabilise financial markets from the sharp moves triggered by the outbreak of the pandemic. The pair’s range during the onset of the virus widened to nearly 10% between the end of February and mid – March. USDJPY volatility has since subsided, with the range falling to a maximum of 3.5 % after April to date