iberdrola guapis

Iberdrola: Pontegadea could enter negotiations to buy a stake in Proyecto Romeo’s renewables; Norges Bank has exclusivity on the deal for 1 month

Bankinter | Norges Bank Investment Management, which manages Norway’s sovereign fund, is in exclusive talks with Ibedrola to buy a stake of up to 49% in a mega portfolio of renewable assets owned by the Spanish utility. The portfolio is called Proyecto Romeo and is valued at 1.2 billion euros. It includes wind and solar projects in different phases of development with a total output of 1.266MW. Of the whole…


ArcelorMittal presents offer for Iberdrola’s macro renewables portfolio in Spain valued at some €1.2 B

Link Securities | According to financial sources consulted by the daily Cinco Días, Arcelor Mittal has presented an offer, teaming up with the fund Copenhagen Infrastructure Partners, for Iberdrola’s macro renewables portfolio in Spain. This is valued at some 1.2 billion euros. The decision on which offer will be selected by the electricity giant for the so-called Proyecto Romeo is expected to be published next week. Separately, Cinco Dias said Iberdrola…


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…

norges bank

Norges Bank Holds Shares In 74 Spanish Listed Firms, 10% of which Are In The Real Estate Sector

Norges Bank (the Norwegian sovereign wealth fund) has just published all its holdings in the five continents at the end of 2021. Europe’s largest investor has shares in up to 74 Spanish listed companies, 10% of which are in the real estate sector. Specifically, it is committed to the developers Aedas, Neinor, Metrovacesa and Insur and the socimis Merlin Properties, Inmobiliaria Colonial and Lar España. However, it has only increased…


Sweden And Norway Are Moving Toward A Cash-Free Society

The payment market in Sweden and Norway is being digitized. To give an international comparison, the cash in circulation as a percentage of GDP variable is used as a proxy for the demand for cash. In 2018, the cash in these two economies was equivalent to 1.3% and 1.5% of their GDP, respectively. In contrast, in the United States and the Eurozone, this variable was at 8.2% and 10.9%, respectively.

Norway's sovereign fund

“Norway’s Sovereign Fund Has Not Changed How It’s Structured For Over 10 Years”

Fixed income’s scant returns has led Norway’s sovereign fund to focus on equity investment. This now accounts for 65 percent of exposure. At the same time, the Norwegian government estimates that investment in the stock market will reach 70 percent to boost profits in the coming years. Hilde C. Bjørnland, professor of Economics at the Norwegian Business School and Director of the Centre for applied economy and oil explains why.

norges bank

Spain Is On The Sovereign Funds’ Radar

Fernando Rodríguez| Sovereign funds have invested 28.3 billion euros in Spanish companies in the period 2011-2016. Norway’s sovereign fund GPFG alone closed last year with a portfolio of over 12 billion euros in Spain, with shares in 75 companies and over 3.5 billion euros in government debt.

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Norway bets on Spain

MADRID | The Corner | The Norway Government Pension Fund Global (GPFG) is the World’s biggest sovereign wealth fund. Managed by an investment unit of the central bank (NBIM) it counts with $900 billion under management, focusing on Europe. Lately its interest in Spain goes beyond the usual sectors: financial, construction and energy.