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OHLA

In Spain 8th January 2025

OHLA capital increase approved by 90% of bondholders

Link Securities | In connection with the Consent Solicitation process addressed to the holders of the Senior Secured Notes issue (€487,266,804 Split Coupon Senior Secured Notes due 2026) of OHL Operaciones, S.A.U. (the Issuer) (ISIN: XS2356570239 / XS2356571120) for the approval of the agreements contained in the consent solicitation memorandum published by the Issuer on 2 December 2024, OHLA (OHLA) informed that on Monday the Consent Solicitation process has been…

Global debt

In Spain 8th January 2025

Spain to issue debt amounting to €278.000 million in 2025, 7.4% increase on 2024, new debt to total €60.000 million

For 2025, the Treasury plans to issue €60.000 million of net debt, which is 9% more than the €55.000 million in 2024. The increase, as assured by the Minister of Economy, Carlos Cuerpo, after the Council of Ministers, aims to “provide sufficient flexibility to respond to the disaster of the DANA” and to assist “for as long as necessary to those affected.”In gross terms, this year the Treasury will need…

se alquila

Spanish economy 7th January 2025

INE publishes indicator limiting rise in rents for first time: 2.2% for 2025

Bankinter | The National Statistics Institute (INE) has published for the first time the indicator that limits the rise in rents. It places it at 2.2% for 2025, below inflation, which reached 2.8% year-on-year in December (preliminary), and the underlying rate (2.6%). The index is defined as the minimum value between: (i) year-on-year change in the CPI; (ii) year-on-year change in the core CPI; and (iii) a third variable incorporating…

Montero

In Spain 7th January 2025

Treasury raises nine taxes this year

The government’s refusal to deflate the income tax rate has allowed Spain to close the year 2024 with a record tax collection, close to €300 billion. This does not prevent the government from proposing new tax increases in 2025. Some have already come into effect on January 1. Others will do so in the coming months:– Corporate Tax: Multinational companies with a turnover of more than €750 million will pay…

ence 2

Spanish economy 3rd January 2025

Ence updates decarbonisation plan and raises absolute emissions reduction target to 75% by 2035

Alphavalue / Divacons | The paper and energy group has updated its Decarbonisation Plan by increasing the level of reduction of Scope 1 and 2 emissions by 2035, setting targets for 2030 as an intermediate milestone and also incorporating targets to reduce indirect Scope 3 emissions. Specifically, the company, based on the 2018 financial year, increases the level of ambition of the target set for 2035 from a group-wide reduction…

edreams avion

In Spain 3rd January 2025

Ibex Medium Cap starts 2025 strong: the case of Edreams

Renta 4 : The Spanish selective medium cap index closed December very close to the annual highs recorded at 15300 points in May, when it forcefully broke the downward trend from the highs of 2015. The index is on the verge of starting the year giving bullish continuity to the previous trend, with no resistance above 15200 points up to the highs of 2015 at 17200 points, 12.6% higher. An…

endesa novisimo

Spanish economy 3rd January 2025

Renewable energy connected to Endesa’s grid exceeds 30 GW, enough to supply almost 20 million homes

CdM | Endesa, through its network subsidiary, e-distribución, has exceeded 30 GW of distributed renewable capacity connected to its distribution grid, enough to supply the consumption of almost 20 million homes and avoid the emission of close to 30 million tonnes of CO2. These are installations of small and medium-scale renewable energy producers and self-consumption which, in recent years, have been increasing their weight on the renewable generation map in…

Santander

Ibex, In Spain 2nd January 2025

Santander receives €23.6m from Google, first payments under contract signed two years ago

Alphavalue / Divacons | The Cantabrian bank has already received $25 million (€23.6 million) as the first payments for the contract signed two years ago with Google. The bank granted the US multinational the licence for Gravity, a technology that Santander developed for its own transformation and which Google will now also market to its large corporate clients. Gravity Framework, whose intellectual property belongs to Santander, is software that makes…

Barcelona housing

In Spain 2nd January 2025

Judicial complaints for squatting soar by 55%

Courts across Spain registered 1,782 judicial proceedings for the occupation of homes during the first nine months of the year, according to data released by the General Council of the Judiciary (CGPJ). In just the third quarter of 2024, there were 580 judicial complaints for home occupation, a 55% increase year-on-year compared to the 373 judicial complaints from the summer of 2023, confirming that the issues of legal insecurity affecting…