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Logista libros

European economy 3rd January 2024

Logista cements European expansion and position in pharmaceutical distribution with €8m acquisition of Belgium Parcels Service

Alphavalue/ Divacons| The company, one of the largest logistics operators in Europe, announced yesterday to the National Securities Market Commission (CNMV) the acquisition of Belgium Parcels Service (BPS), a company specialising in the express distribution of pharmaceutical parcels in Belgium and Luxembourg. The Europa Press agency indicated that the acquisition of 100% of BPS has been executed for a value of approximately €8 million, subject to the closing of the…

CAF

In Europe 3rd January 2024

CAF to supply 40 trams to Italian operator ATAC for Rome’s fleet in deal worth over €130m

Link Securities| According to a Significant Event sent to the National Securities Market Commission (CNMV), the operator ATAC S.p.A. has awarded CAF the framework agreement for the supply of the new fleet of trams for the Italian capital. Specifically, the contract covers the design and manufacture of 40 trams, their maintenance for a period of five years and the corresponding spare parts. The agreement also includes the possibility of increasing…

UE gas

In Europe 29th December 2023

Dutch gas futures rise 6% amid Middle East tensions, but remain 50% lower than at start of year

Link Securities | Bloomberg reported a rebound in European gas prices, with Dutch market futures rising 6% amid tensions in the Middle East. There are concerns that the regional war will widen from the Israeli-Palestinian conflict in Gaza. The US carried out some strikes on Iraqi targets and new attacks by Houthi militias were reported in the Red Sea. Iranian media reported last weekend that an Iranian commander was killed…

CAF factory

In Europe 28th December 2023

CAF, via Solaris, to deliver electric buses in Madrid and Berlin under contracts worth over €70m

CdM| Solaris (CAF) has been awarded contracts to supply electric buses to Berlin and Madrid. In both cases, these are agreements for the delivery of 50 electric buses, the combined volume of the contracts exceeding €70 million. In the case of the agreement for Berlin, it is particularly relevant as it is a framework contract, the number of units of which could be up to 700 buses. Berliner Verkehrsbetriebe (BVG),…

ING

European economy 26th December 2023

ING to stop funding oil and gas extraction by 2040 and aims to triple funding for renewables by 2025

Alphavalue / Divacons| The Dutch financial institution announced new targets in its energy transition financing strategy. The bank will stop financing oil and gas extraction by 2040 and aims to triple financing for renewables by 2025. This is a step forward from the previous policy adopted by the bank last year, which sought to end financing for new oil and gas fields and restrict financing to any related infrastructure. On…

Talgo

In Europe 21st December 2023

Talgo among candidates to participate in Germany’s largest-ever train order

Link Securities | The German government, through Deutsche Bahn (DB), has launched the largest train order in its history, with the aim of improving service quality, according to Expansión newspaper. Thus, it wants to sign a contract programme for up to 95 units of ICE high-speed trains, with a first order of 33 trains to be put into operation in 2030. In terms of volume, it is an investment budget…

eurozona mapa billete 1

European economy 20th December 2023

Eurozone inflation falls to 2.4% in November, lowest since July 2021

CdM| Eurozone inflation continues to moderate and stood at 2.4% in November, down from 2.9% in October, its lowest level since July 2021, according to final data released by Eurostat, the European Union (EU) statistics office. In this way, the evolution of prices in the euro area is gradually approaching the 2% target set by the European Central Bank (ECB), although the president of the body, Christine Lagarde, has warned…

Christian Lindnerok

In Europe 20th December 2023

France and Germany announce agreement on reform of EU fiscal rules

“This evening we have 100% agreement with Christian Lindner on the new rules of the Stability and Growth Pact: excellent news for Europe, which will ensure sound public finances and investment in the future. Ecofin, tomorrow!” With this message, the French Finance Minister, Bruno Le Maire, announced his agreement with his German counterpart, Christian Lindner, on the reform of the European Union’s fiscal rules on Tuesday evening (after 10 p.m.),…

scottish 777x400 1

In Europe 19th December 2023

Iberdrola, through ScottishPower, awards first contracts for £1.8 billion high-capacity undersea cable project

Alphavalue/DIVACONS| The Spanish utility, through its UK distribution subsidiary ScottishPower Energy Networks, has awarded the first contracts worth £1.8 billion for its high-capacity submarine cable project linking England and Scotland. This project, called Eastern Green Link 1 (EGL1) and built by a consortium formed by ScottishPower Energy Networks and National Grid Electricity Transmission, will consist of a kind of major electricity highway that will connect one of the most important…

espana europa billete

European economy 19th December 2023

2023 issuance reaches €860 billion, second all-time high

Issuance in 2023 reached €860 billion, marking the second highest annual issuance ever, behind only €869 billion in 2019. By country, French companies lead this year’s primary with €75 billion, followed by German (€66 billion), UK (€52 billion) and US (€45 billion) companies. This year’s financial issuance of €499 billion exceeds the €490 billion for the whole of 2022 and is above all annual issuance since 2008. Within financials, the…