Intermoney | ACS (ACS) (Buy, PO 48 ), through Turner, its main subsidiary in the United States, has won a new contract to build a data centre campus in New Albany (Ohio) commissioned by Vantage, owned by the Silver Lake fund. The €1.85 billion project will involve the construction of three new buildings with a combined capacity of 192 megawatts (MW). It is the technology giant’s first asset in the…
Bankinter | The EU confirms the imposition of tariffs of up to 45% on imports of electric vehicles from China. The proposal was approved at the beginning of October with the favourable vote of 10 members (France and Italy, among them), the opposition of 5 (Germany being the most notable) and the abstention of 12 (Spain, for example). This decision allows the European Commission to implement the tariffs for a…
Renta 4 | According to press reports, Grenergy has signed an agreement with the Chinese supplier CATL for the supply of 1.25 GWh of battery storage, thus covering Phase 4 of the Oasis Atacama project (out of a total of 1.25 GWh). Assessment: Positive news. Currently, Grenergy only has BYD as its exclusive battery supplier (Phases 1, 2 and 3 of Oasis Atacama). The introduction of new suppliers should increase…
Norbolsa | The US Army Corps of Engineers has awarded ACS (ACS) a €610 million contract to rebuild the Howard A. Hanson Dam in Washington state, improving habitat and increasing water storage. This project is in addition to other ACS contracts with the US Army, such as the €2.7 billion renovation of Dry Dock 3 in Pearl Harbor, Hawaii.
Link Securities | The consortium formed by Sacyr (SCYR), Acciona (ANA) and CAF have managed to get the Multilateral Bank and Empresa Metro de Bogotá to disqualify two of the three Chinese consortia bidding for the the contract for the project of the construction and operation of the second line of the Metro de Bogotá (Colombia), the largest project in Latin America by investment budget, about €6,500 million, according to…
Alphavalue / Divacons | The Spanish fashion company launches Zara ‘Pre Owned’, the brand’s second-hand, garment repair and donation platform, in the United States, the first market outside Europe where it is launching this initiative, company sources told Europa Press. Thus, it joins the 16 European markets where it already offers repair, donation and sale between individuals: Germany, Austria, Belgium, Croatia, Slovakia, Slovenia, Spain, Finland, France, Greece, Ireland, Italy, Luxembourg,…
Banca March : In the United States, second-hand home sales fell to a 14-year low in September. With a 1% monthly decline, the US housing figures disappointed the market, which had expected a 0.5% rise. On an annualised basis, units sold came in at 3.84 million, slightly below the 3.88 million expected. This bad moment for the sector is explained, among other things, by the fact that buyers are opting…
Norbolsa | Fiscal deficit figures for the 2024 fiscal year have been released, showing an 8% increase in the deficit, bringing the deficit-to-GDP ratio to 6.4% from 6.2% in 2023. This fiscal performance could weigh on the Harris campaign, which is being presented as a more fiscally balanced policy. Thus, the Committee to care for a “Responsible Federal Budget” estimates that Trump’s plans would raise the debt by $7.5 trillion,…
Banco Sabadell | According to Bloomberg, Iberdrola is in the final stages of bidding for a portfolio of renewable assets from Neoen in Victoria (Australia). The portfolio would consist of three operating assets: a 125 MW solar farm, a 194 MW wind farm and a 20 MW battery storage system and a 300 MW battery. Assessment: News of limited impact pending to know if Iberdrola finally acquires the assets, which…
Banca March | China has kicked off two programmes totalling up to ¥800 billion ($122.38 billion) aimed at facilitating share buybacks and providing greater liquidity to the markets. Some ¥500 billion will be granted to the swap programme, which allows the exchange of assets – such as corporate bonds or shares of CSI 300 companies – in exchange for highly liquid securities such as government bonds, making it easier for…