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Acciona

Acciona

Spanish economy 13th April 2021

Acciona: When The Subsidiary Is Worth More Than The Parent Company

T.C. | Acciona approved yesterday the spin-off of its green energy subsidiary, Acciona Energía, in order to float up to 30% of the capital of this subsidiary, which the press and some Spanish analysts want to value at 12 billion euros, although on 31 March Acciona’s capitalisation on the Spanish stock market was “only” 8 billion euros. The deal could allow Acciona to reorganise and reduce its debt, which currently stands at 6.858 billion euros, of which 2 billion euros matures this year.

Acciona

Ibex, Markets 27th April 2020

DBRS Rates Acciona’s Debt At BBB In The Long Term And At R-2 In The Short Term

Acciona has publicly confirmed its rating from the Canadian agency DBRS. This is a rating that the Spanish firm has had since 2018 for various specific operations in different regions, mainly in North America, but which it has so far not released. Acciona does not have ratings from the main rating agencies. However the company believes that the flexibility of the sector analysis offered by DBRS allows it to more reliably reflect the joint risk of Acciona’s various businesses.

Acciona wins Sao Paulo subway line contract withdrawn from Odebrecht

Ibex, Markets 12th February 2020

Acciona Wins Sao Paulo Subway Line Contract Withdrawn From Odebrecht

Spanish watchdog CNMV has confirmed the agreement between Acciona, the Brazilian consortium Move and the State of Sao Paulo regarding the transfer of the city’s subway line concession to the Spanish firm. This project was withdrawn from Odebrecht in 2016 and is one of the largest in Brazil’s concession sector.

Acciona

Ibex, Markets 27th January 2020

Acciona to Build And Operate Its First Desalination Plant In Hong Kong

The Hong Kong Water Supplies Department has selected a consortium including Acciona to design, build, operate and maintain the first phase of the Tseung Kwan O desalination plant. The project, worth HKD9.018 billion (€1.042 billion), includes the construction and operation of the plant for a duration of ten years. The facility will equip the city to face the challenges of climate change and the low level of rainfall in the area.

Family owned

Markets 27th March 2017

“Family Owned” More Convincing

Analysts at Carax- Alphavalue have been holding sceptical views as a rule about the benefits of holding stakes in companies held by families or under their influence. However they may have to change their mind thanks to a couple of charts of the relative performance of a universe made of 104 stocks tagged as “under family influence”. They hence provides a list of “family” stocks with a significant upside potential, which includes Spanish Corporación Financiera Alba ranking first, and Acciona fourth.