UBS has sold approximately 21.4 million ordinary shares of ACERINOX (ACX), informing the market that the final terms of the private placement have been set. The sale was carried out via an accelerated bookbuilt offering, aimed exclusively at qualified investors. The shares sold represent approximately 7.9% of Acerinox’s share capital, and the amount of the placement was EUR 225 million, with a sale price of 10.55 euros per share. On…
Acciona has been awarded the contract for the construction and operation over the next 25 years of three water treatment plants in Saudi Arabia. They will have a total capacity of 440,000 cubic metres per day and will serve a population of 2.1 million. This news is further proof that Acciona is not only made up of its listed renewable subsidiary, but also has profitable businesses within the Group.
José Alves (Capital Madrid) | The big Brazilian operators – Telefónica’s Vivo, Telecom Italia’s Tim and América Móviles’ Claro – have plenty of reasons to celebrate the new deployment conditions Anatel, Brazil’s telecommunications regulator, has announced for the 5G auction on 4 November. It has not been easy due to the long and laborious preparation, which has required three and a half months of public consultation and eight months of…
US fund Bain has closed the purchase of 100% of ITP Aero, the aeronautical components manufacturer, for 1.6 billion euros, with SAPA from Guipuzcoa as an industrial partner. JB Capital has also joined the US investment fund and the Andoain-based company as a shareholder. The buyers are committed to maintaining employment – more than 4,000 workers – and the head office and financial headquarters in the Basque Country (in Zamudio,…
The board of Banco Santander announced today its decision to make an interim distribution from 2021 earnings through a cash dividend and share buyback amounting to a total value c.€1.7 billion -equivalent to 40% of underlying profit for the first half of 2021. The board’s decision has been taken in view of the lifting of the European Central Bank (ECB) recommendation that has limited shareholder remuneration until 30 September 2021…
According to Brand Finance’s latest Global Intangible Finance Tracker report, the value of Spanish companies’ intangible assets is 38%, 5% higher than in 2020. Over the past 25 years, Spain has seen the value of intangible assets increase from US$43 million in 1996 to US$440 million in 2021, growing at an annual rate of around 10%. During this time, the share of reported intangible value of enterprise value increased from just 0.1% in 1996 to 8.6% in September 2021. On the other hand, the share of unreported intangible value has remained fairly stable, rising from around 24% in 1996 to 22% of enterprise value in 2021. the most intangible sectors are the energy sector followed by distribution and supermarkets (2nd) and engineering and construction (3rd).
Fernando González Urbaneja | The latest poll published by La Vanguardia shows 39% of Catalans in favour of independence and 53% against. With these figures, it is understandable that ERC is opting for the slow road, to continue to stir up public opinion in order to achieve its goal, to reach its Ithaca. There was also a question on the language spoken at home: Spanish 41%; Catalan 29%; indistinct 30%. Everyone will draw their own conclusions, but the claim that Catalan society is unanimous or clearly in favour of the “indepes” proposals does not enjoy sufficient support. Conllevanza rather than coexistence.
Invest in Spain | The new Universalisation of Digital Infrastructures for Cohesion Programme (UNICO) is the framework for measures and investments that will guarantee ultrafast broadband connection throughout the country, covering 100% of the population by 2025. The first call launched by the Ministry of Economic Affairs and Digital Transformation is aimed at telecommunications operators whose objective is the deployment of very high speed broadband infrastructures, capable of providing services at speeds of at least 300 Mbps, scalable to 1 Gbps.
Fernando González Urbaneja | Vice-president Calviño, who goes her own way, different and distant in the cabinet, congratulates herself on the growth in employment over the year. And she uses the data to devalue the INE’s estimates on the evolution of GDP during the first half of the year. The first problem we see has to do with the data: both the employment and GDP figures are very much conditioned…
The Spanish government sent a letter last week to the European Commission, in which it urged the region to adopt a common response to the electricity problem at the European level. The letter called for a reform of the wholesale electricity market and the creation of a European gas purchasing platform and strategic reserves. However, the institution dismissed Spain’s request. It will limit itself to guiding member states on measures to temporarily reduce the electricity bill within the margins of EU regulations.