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Ferrovial scotland

Ibex, Markets 6th April 2020

Scotland Selects Ferrovial’s Subsidiary Amey To Maintain And Improve Its Roads For Eight Years

Ferrovial, through its UK services arm Amey, has been awarded an eight-year, 452.9 million euros contract to maintain and improve roads in southwest Scotland. The company said there is also an option to extend the contract for a further four years, increasing its value to 781.3 million euro.The divestment process of this subsidiary will continue despite the crisis of the coronavirus, the company said. But it recognizes that it will suffer some delays.

aena

Ibex, Markets 3rd April 2020

Aena Signs New Loans (1.075 billion euros); Achieves A Cash Position That Allows It To Cover 1 Year Of Costs

AENA has signed new loans with various financial institutions for a total of 1.075Bn euros. The loans have a maturity of between 1 and 4 years and will boost the firm’s liquidity to 2.425Bn euros (from 1.350Bn previously). AENA also has the possibility of increasing it further with the Euro Commercial Paper (ECP) programme up to 900Mn euros, of which 495Mn are still available. Furthermore, the company expects to close additional loans in the coming weeks.

BME Spanishstock exchange

Markets, Spanish Small & Mid Caps 30th March 2020

Next Stage In Six’s Takeover Bid For BME: Spain’s Regulator Approves The Operation

Spanish watchdog CNMV considers that the terms of SIX’s takeover bid for BME have been adapted to current standards, while the contents of the prospectus submitted, after the latest amendments on 25 March 2020, are sufficient. SIX is offering €33.4 per share. The acceptance period is 43 calendar days from the business day following the publication of the takeover announcement. One of the major new features of the transaction is SIX’s commitment to maintaining BME’s activities and locations in Spain for 10 years, as opposed to the initial four years.

Aena closing

Ibex, Markets 27th March 2020

Aena’s Passenger Traffic Drops 97% In Last Few Days

The number of Aena passengers has fallen by 45.5% so far in March, although it has accelerated to -97% in recent days. Therefore, its traffic forecasts for 2020 are no longer valid (+1.9%). To cushion the impact, Aena has reorganised the activity of its airports with the aim of temporarily reducing costs by approximately 43M euros per month.

repsol brufau barbita

Ibex, Markets 27th March 2020

Repsol Presents Its 2020 Coronavirus Resilience Plan, With Sufficient Liquidity Until 2024

In a scenario of oil prices (Brent) at $35 and Gas (Henry Hub) at $1.8, Repsol has drawn up a contingency plan to deal with the impact of COVID-19. This includes cancelling the extra share buyback for 5% of capital due to be executed in May, which, totalled 1Bn euros, but maintaining its dividend at €1 per share. The company also flags that it has sufficient liquidity to deal with this situation at least until 2024.

Grifols inmunoglobulin

Ibex, Markets 26th March 2020

Grifols reaches agreement in the US to seek anti-Covid19 therapy

After announcing that the United States considered it “basic infrastructure” in the coronavirus health emergency, Grifols has signed a multilateral collaboration agreement in that country with the U.S. Advanced Biomedical Research and Development Authority (BARDA), the U.S. Food and Drug Administration (FDA) and other federal public health agencies. The objective will be to collect plasma from patients who have recovered from Covid-19, process it and produce hyperimmune immunoglobulins.

ibex pochito

Ibex, Markets 25th March 2020

Inditex, Iberdrola, Banco Santander, BBVA And Telefónica Are Preparing A Joint Effort To Purchase Medical Equipment

Spain’s top companies are preparing a joint effort to buy the necessary material for this health crisis, such as respirators or facemasks. Their intention is to coordinate, as best as possible, the donation of essential material, and not duplicate efforts. This important operation is estimated at around 150 million euros, at the rate of over 25 million per firm, according to internal sources who have confirmed it with news agency Colpisa. That said, each company decides on the amount it wants to contribute.