Key Developments: Abengoa SA (ABG.MC)

ABG.MC on Madrid SE C.A.T.S.

4.06EUR
20 Aug 2014
Price Change (% chg)

€0.10 (+2.45%)
Prev Close
€3.96
Open
€3.97
Day's High
€4.07
Day's Low
€3.93
Volume
272,510
Avg. Vol
538,763
52-wk High
€5.14
52-wk Low
€2.05

Search Stocks

Latest Key Developments (Source: Significant Developments)

Abengoa wins its first transmission project concession in India
Monday, 14 Jul 2014 08:00pm EDT 

Abengoa SA:Says it has been awarded its first concessions project for two electricity transmission lines in Asia, specifically in India.Project is worth total of $69 million.Abengoa to be responsible for engineering, designing and constructing two transmission lines totaling 134 km, as well as operating and maintaining them for 25 year period for Torrent Power Ltd, with possibility of extending this by additional 10 years.Construction is expected to start at the end of this year, with estimated completion time of 38 months from awarding of project.First concession is 400 kV line covering 113.7 km, 4.4 km of which are underground, which will connect Dahej with Vadodara.Second line will have 220 kV capacity and be 20.62 km long, running between district of Bhestan and Navsari.Both lines are located in the state of Gujarat and will provide Vadodara and Navsari districts with energy supply under this concession.  Full Article

Abengoa selected to develop water delivery project in US
Tuesday, 1 Jul 2014 08:00pm EDT 

Abengoa SA:Says it has been selected to deliver 50,000 acre-feet per year of water to city of San Antonio, Texas.To lead team of local sub-contractors and consultants within Vista Ridge Consortium to design, build, finance and operate infrastructure needed to deliver water.Water to be delivered from Burleson County and contracted for period of 30 years.Construction is expected to begin in 2015 and to be completed in 2019.During 42 month construction phase, up to 300 jobs to be created.Project to deliver 168,970 m3/day (50,000 acre-feet per year) through 225 km (142 mile) pipeline.Project also includes water treatment plant, 18 wells and three pump stations.  Full Article

Abengoa to develop its first desalination project in Chile
Wednesday, 25 Jun 2014 08:00pm EDT 

Abengoa SA:Says it has been selected by AES Gener to develop its first desalination plant in Chile.Project, located in Mejillones in Antofagasta region, to supply water to AES Gener power plant in Angamos.Abengoa to be responsible for engineering, construction and subsequent operation of desalination plant.Plant to have capacity of 4,800 m3 of water per day, which can be extended to 19,200 m3 in second phase.  Full Article

Abengoa SA announces pricing of the initial public offering of Abengoa Yield plc
Thursday, 12 Jun 2014 05:47pm EDT 

Abengoa SA:Says its wholly-owned subsidiary, Abengoa Yield plc (Abengoa Yield), has priced an initial public offering of 24,850,000 of its ordinary shares at price of $29 per share for total gross proceeds of about $720 mln.Underwriters of the offering have a 30-day option to purchase up to an additional 3,727,500 ordinary shares from an affiliate of Abengoa, S.A.Offering is scheduled to close on June 18, 2014, subject to customary closing conditions.Shares are expected to begin trading on the NASDAQ Global Select Market under the symbol ABY on June 13, 2014.Citigroup and BofA Merrill Lynch are acting as global coordinators of the Offering. Canaccord Genuity, HSBC, RBC Capital Markets and Banco Santander are acting as joint bookrunners.  Full Article

Abengoa enters Ibex 35 index, Ebro Foods exits-Reuters
Tuesday, 10 Jun 2014 11:45am EDT 

Abengoa SA:Abengoa to join country Ibex 35 index as of June 23, replacing Ebro Foods SA-Reuters.Spain's Ibex 35 tracks country 35 biggest companies.  Full Article

Abengoa to develop new solar-thermal storage technology in collaboration with National Renewable Energy Laboratory and Colorado School of Mines
Monday, 9 Jun 2014 08:00pm EDT 

Abengoa SA:Abengoa together with National Renewable Energy Laboratory (NREL) and Colorado School of Mines (CSM), has been selected by US Department of Energy (DOE) to develop new solar storage technology for thermo-electric plants.Program will last for two years and will require investment of 1.3 million euros by US Department of Energy.To be responsible for leading systems integration work and technical-financial analysis, focusing on commercial potential of this technology in future solar plant projects.  Full Article

Deinove signs collaboration agreement with Abengoa
Tuesday, 3 Jun 2014 01:00am EDT 

Deinove SA:Signs collaboration agreement with ABENGOA, bioethanol producer, with support of Bpifrance.Agreement concluded for up to 36 months and focused on development with its industrial partner of company's consolidated bioprocess (CBP) using Deinococcus bacterium selected by company to digest and convert agricultural residues to ethanol at competitive cost.Performances obtained with substrates supplied to company by ABENGOA to be evaluated in order to set up process that can be implemented, subject to adequate performance, in full-size factories.Deinove believes to be capable of receiving licensing revenues as of 2016.  Full Article

Abengoa SA announces commencement of initial public offering of Abengoa Yield plc
Monday, 2 Jun 2014 08:42am EDT 

Abengoa SA:Says its wholly-owned subsidiary, Abengoa Yield plc (Abengoa Yield) intends to commence an initial public offering of its ordinary shares.Says expected gross proceeds of about $600 mln.Says prior to underwriting commissions and discounts and other offering expenses (the offering).Underwriters of offering will have a 30-day option to purchase up to an additional 15 pct of that amount from Abengoa, to cover over-allotments, if any.Net proceeds of the offering, less $30 mln to strengthen its liquidity position, to Abengoa as part of the consideration payable to Abengoa for the transfer of assets to Abengoa Yield.Citigroup and BofA Merrill Lynch are acting as global coordinators of the Offering. Canaccord Genuity, HSBC, RBC Capital Markets and Banco Santander are acting as joint bookrunners.  Full Article

Abengoa to develop new desalination project in Morocco
Thursday, 29 May 2014 08:00pm EDT 

Abengoa SA:Chosen by Moroccan National Electricity and Drinking Water Office (ONEE) to construct new desalination plant in Agadir, Morocco.To be responsible for design, technology and construction of plant, as well as its subsequent maintenance and operation for 20 year period.Project to require total investment of 82 million euros.Plant to supply 100,000 m3 of drinking water every day to inhabitants of Greater Agadir.  Full Article

Abengoa in consortium to build prison in Uruguay-Agencia EFE
Monday, 26 May 2014 04:55am EDT 

Abengoa SA:Company in consortium to build prison in Uruguay and to manage it for 27.5 years-Agencia EFE.Investment of $80 million (59 million euros).Project includes design, construction, equipment, financing, maintenance, cleaning, catering and laundry of prison with capacity for 2,000 inmates.Start of construction scheduled for Sep. 2014.Unidad Punta de Rieles consortium is composed of Teyma Uruguay and Instalaciones Inabensa (both from Abengoa group) and Goddard Catering Group Uruguay.  Full Article

Europe's lame ducks attract restructuring bets

* Restructuring plays outpace market over last five yrs-Exane BNP

Search Stocks