Banco Sabadell| ANE announced at the close that it has increased its stake in Renomar to 75% (indirectly; from 50% previously, accounted for by the equity method with a book value of €101 million at year-end 2022 / 0.7% of EV) following the acquisition of 50% of Med Wind Energy which, in turn, holds the other 50% of Renomar, as well as a portfolio of projects under development in the…
Link Securities | A temporary joint venture (UTE in its Spanish initials) in which Acciona and Sacyr participate has been selected by ETS Euskal Trenbide Sarea (Basque Rail Network) to build the second section of Line 5 of the Bilbao Metropolitan Railway between Aperribai and Galdakao, with an extension of 2.8 kilometres, the digital portal CapitalBolsa.com reported yesterday. The works will include the platform and track superstructure of the section,…
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…
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,…
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…
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…
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…
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…
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…
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…