Avangrid, Iberdrola’s US subsidiary, announced on Tuesday that it is terminating its merger agreement with PNM Resources due to non-compliance with the conditions set for the closing of the transaction.In this way, the group chaired by Ignacio Sánchez Galán renounces what was its big move to create an energy ‘giant’ in the United States with a market value after the merger of more than $20,000 million dollars (about €18,140 million)….

Link Securities| The company has signed the largest credit line in its history, for €5.3 billion, with 33 financial institutions, according to the business and financial daily Expansión. The loans, which will be used to refinance debt and boost new investments, are linked to a reduction in emissions and an increase in the percentage of women in senior positions. The credit line has a duration of five years, with the…

Banc Sabadell: The General Court of the European Union (EGC) has ruled that the tax relief of the corporate income tax deduction for goodwill generated by the indirect purchase of shareholdings in companies abroad, both in direct and indirect acquisitions, is lawful. Thus, the EGC rejects the EC’s arguments that they are unlawful state aid and incompatible with the internal market. Assessment: Positive news, although with limited impact due to…