Acciona

Companies, European economy, Ibex 31st December 2022

Acciona awarded one of three 7-year handling licences at Düsseldorf airport

Link Securities | Acciona Airport Services, a subsidiary of Acciona, has been awarded one of three handling licences put out for tender at Düsseldorf airport. The licence has a duration of seven years. Acciona has been operating at Germany’s third largest airport since 2016, according to Europa Press. Acciona will continue to provide all the services the airlines require for their ground operations. These include passenger check-in and boarding, ramp…

Companies, Ibex, Spanish economy 14th December 2022

ACS, Acciona consortium goes up against FCC in one of the biggest tenders currently in the UK; the remodelling of the Haweswater Aqueduct

Link Securities | The alliance of ACS and Acciona is going up against FCC in one of the biggest tenders there are currently in the UK: the remodelling of the Haweswater Aqueduct, located in the north east of England, according to elEconomista.es. The Spanish firms form part of the terna selected by the UK water company United Utilities to bid for the contract for the design, construction, financing and maintainenance,…

Companies, European economy, Ibex 7th November 2022

Acciona hands over to Norwegian authorities the biggest railway tunnel in the Nordic countries; the €1 B project was awarded in 2015

Intermoney | Acciona (Buy, T.P. 245 euros/share) and its partner in the Ghella consortium have handed over to the Norwegian authorities the biggest railway tunnel in the Nordic countries. The 1 billion euros contract for the project was awarded in 2015. The works included the design and construction of the twin tunnels for high speed railway lines of the Follo Line project, the biggest transport initiative developed in Norway up…

Companies, Ibex, World economy 26th October 2022

Iberdrola, Acciona, Ferrovial, EDPR will compete for some areas to be auctioned in California to install offshore floating wind turbines

Link Securities | Iberdrola, via its susidiary Avangrid, Acciona, Ferrovial and EDPR will compete for some of the five areas which will be up for auction in California to install offshore floating wind turbines. This will be the first offshore wind energy auction on the west coast of the US, as well as the first the country will carry out to support the potential development of offshore floating wind energy on…

Spanish economy 8th August 2022

ACS, Acciona, finalists in the bid to build a new tram line in Calgary, with an investment of €4.2 B

Intermoney | ACS (Buy, Target Price 40 euros) and Acciona (Buy, Target Price 245 euros) are finalists in the bid to build a new tram line in the city of Calgary, in Canada, involving an investment of nearly 4.2 billion euros. This amount was fixed in 2020, but will undoubtedly increase given the current rise in inflation. The tram line, which envisages crossing Calgary from north to south, will be 46 km…

Spanish economy 5th August 2022

Acciona still supported by renewables growth, an infrastructure portfolio at record high levels: Buy (T.P. 230,20 euros/shr)

Bankinter | Business evolution in the first half of the year is positive and Acciona’s results reflect solid progress in EBITDA (+65%) and in NAP (+36%). Acciona Energía is the main results’ growth driver thanks to a strong increase in average prices (+70%), along with a modest advance in capacity (+2%). The company’s infrastructure portfolio has reached a new record high after increasing by a further 14% in the first…

Spanish economy 3rd August 2022

Acciona wins €258 M contract in Chile to design and build desalination plant

Link Securities | Acciona has won a 258 million euros contract to design and build a sea water desalination plant in Chile, according to Europa Press. The new plant will be located in Puerto Patache de Collahuasi, 70 kms south of the city of Iquique. The project forms part of the “Infrastructure Development and Productive Capacity Improvement” plan for the mining company Doña Inés de Collahuasi (CMDIC)’s operations. It also…

Spanish economy 8th July 2022

CNMC Fines Major Spanish Construction Companies 203 Million Euros For Sharing Contracts Until 2017

The National Markets and Competition Commission (CNMC) has fined six of Spain’s leading construction companies 203.6 million euros for having altered thousands of public tenders for building and civil works infrastructure contracts over 25 years. The companies penalised are Acciona, Dragados, FCC, Ferrovial, OHLA and Sacyr. According to the CNMC, between 1992 and April 2017, the construction companies met weekly to analyse tenders for works carried out by the various…

Companies, Ibex, Relevant News Item 6th July 2022

Acciona wins contract to build a 15km ring road in Australia with an overall budget of around €700 M

Intermoney | Acciona (Buy, Target Price 210 euros/share) continues to grow in the public works sector in Australia. It has been chosen as one of the contractors to build a 15km ring road in Queensland. The overall budget for the project is around 1 billion Australian dollars (some 700 million euros). Along with a local firm, Acciona has won, provisionally, one of the lots awarded with a investment budget of…

Spanish economy 20th May 2022

Big Spanish constructors team up to bid for Madrid’s City of Justice; a €500 Mn investment

Link Securities | The big Spanish infrastructure groups are forming alliances to make a bid for the only major public works concession planned for this year in Spain, according to Expansion. The Madrid Government is finalising the tender process for the City of Justice, involving an investment of 500 million euros. So ACS and Acciona have decided to join forces for the project, while Sacyr has teamed up with Ferrovial….

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