Key Developments: Abengoa SA (ABG.MC)

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

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22 May 2015
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Latest Key Developments (Source: Significant Developments)

Abengoa SA appoints Santiago Seage new CEO
Tuesday, 19 May 2015 02:14am EDT 

Abengoa SA:Says that its board at meeting held on May 18, accepted resignation as CEO by Manuel Sanchez Ortega for strictly personal reasons.Says that during same meeting, the board unanimously approved appointment of Santiago Seage, who had previously resigned as CEO of Abengoa Yield, as the new CEO with immediate effect.Says that Manuel Sanchez will continue in office as non executive first vice chairman of Abengoa, and joins the international advisory board of Abengoa.  Full Article

Abengoa SA and Enel to develop cogeneration plant for Pemex
Thursday, 14 May 2015 10:42am EDT 

Abengoa SA:Abengoa and Enel were awarded a deal by Pemex to develop cogeneration plant in Oaxaca, Mexico.Abengoa to invest around $950 million in plant that will supply electricity and vapor for Pemex.  Full Article

Abengoa SA is awarded two new water projects in Colombia
Monday, 4 May 2015 06:32am EDT 

Abengoa SA:Has been selected to construct waste water treatment plant in municipality of Madrid (Cundinamarca); and drinking water treatment and supply system for city of Yopal (Casanare), both in Colombia.Says projects, worth 8 mln Euros and 21 mln Euros respectively, will treat waste water from town of Madrid in an environmentally-friendly and sustainable way, and will provide an efficient drinking water system for city of Yopal.This will be responsible for design, supply, construction, assembly and commissioning of facilities.Says Madrid I waste water treatment plant is scheduled to be completed within 10 months, while Yopal-Casanare project will take 24 months.These projects are part of Abengoa's strategic plan to solve supply problems in those parts of the world most affected by water scarcity, and to provide environmentally-friendly solutions to discharging waste water into rivers.Contract for the Madrid waste water treatment plant is part of the megaproject to clean up Bogotá River basin, with goal of rehabilitating the country's most polluted river.  Full Article

Abengoa unit approves senior note issue
Wednesday, 15 Apr 2015 08:00pm EDT 

Abengoa SA:Says its unit, Abengoa Finance SAU, has approved issue of senior notes addressed to institutional and qualified investors in principal amount of 375 million euros and due April 2020 that will be guaranteed by the company and several of the company’s subsidiaries.Notes have been priced at 97.954 percent of their nominal amount.Notes will accrue interest at annual rate of 7 percent payable semi-annually.Closing of issue is expected to take place on April 21, once the customary conditions precedent for this type of issue have been met.Notes are expected to be admitted to trading on Euro MTF Market of Luxembourg.  Full Article

Abengoa sees Q1 2015 total sales of between 1.54 bln euros and 1.57 bln euros
Tuesday, 7 Apr 2015 03:00am EDT 

Abengoa SA:Sees Q1 2015 total sales of between 1.54 billion euros and 1.57 billion euros.Sees Q1 2015 EBITDA of between 265 million euros and 285 million euros.Q1 2015 revenue of 1.58 billion euros- Thomson Reuters I/B/E/S.Q1 2015 EBITDA of 302 million euros- Thomson Reuters I/B/E/S.  Full Article

Abengoa awarded significant power transmission line contract in Canada
Thursday, 12 Mar 2015 02:55pm EDT 

Abengoa SA:Has been selected by NSP Maritime Link Inc, a subsidiary of Emera Inc. to build just over 400 km of overhead power transmission lines.The contract is valued at about $155 million.This work includes the development of several overhead transmission lines.On the island of Newfoundland, Abengoa will develop about 160 km of 230 kV AC transmission line from Granite Canal Substation to Bottom Brook Substation; 142 km of 200 kV HVDC from Bottom Brook to Cape Ray and 23 km of 5 kV grounding line from Bottom Brook Converter Station to Indian Head.In Nova Scoti, Company will build 46 km of 200 kV HVDC transmission line from Point Aconi to the Woodbine Substation and 41 km of 5 kV grounding line from the Woodbine Converter Station to Big Lorraine.The Maritime Link Project is part of the plan to transmit clean renewable and reliable energy from Newfoundland and Labrador to Nova Scotia, improving the environment and reducing dependence on fossil fuels in Atlantic Canada.This project will connect the island of Newfoundland, through 170 km subsea cable, with Nova Scotia and the North American electricity system for the first time in history.  Full Article

Abengoa issues exchangeable bonds of $279 mln
Thursday, 26 Feb 2015 06:19pm EST 

Abengoa SA:Issues senior exchangeable bonds of $279 million with maturity on March 5, 2017.Bonds to bear fixed annual interest of 5.125 percent.Bonds to be initially exchangeable for 7.2 million shares of Abengoa Yield (exchange property) at conversion price of $ 38.736.  Full Article

Abengoa to pay FY 2014 dividend
Wednesday, 25 Feb 2015 07:00pm EST 

Abengoa SA:To pay dividend for 2014 of 0.113 euro gross per share on April 17.  Full Article

Abengoa SA reaffirms FY 2015 outlook - Conference Call
Monday, 23 Feb 2015 12:00pm EST 

Abengoa SA:Expects FY 2015 revenue in the range of 7.850 - 7.950 bln Euros, representing a 10- 11 pct growth compared to FY 2014.Expects FY 2015 consolidated EBITDA to range between 1.4 bln Euros and 1.450 bln Euros , flat or up 4 pct above FY 2014.Expects FY 2015 net income to stay in the range of 280 mln Euros and 320 mln Euros, representing an increase of 125- 155 pct compared to FY 2014.  Full Article

Abengoa SA gives FY 2015 revenue guidance, EBITDA below analysts' estimates, net income above analysts' estimates-Conference Call
Monday, 9 Feb 2015 05:00pm EST 

Abengoa SA:Expects FY 2015 revenue to stay on the range of 7.850 to 7.950 billion Euros, representing 10 - 11 pct growth compared FY 2014.FY 2015 consolidated EBITDA to range between 1.400 - 1.450 billion Euros.FY 2015 net income to stay in the range of 280 - 320 million Euros, representing an increase of 125 to 155 pct compared to FY 2014.FY 2015 revenue of 8.100 billion Euros, EBITDA of 1.568 billion Euros, net income of 221 million Euros - Thomson Reuters I/B/E/S.  Full Article

UPDATE 1-Pemex to develop $950 mln refinery power plant with Enel, Abengoa

MEXICO CITY, May 12 - State-run Mexican oil company Pemex has signed a memorandum of understanding with Italy's Enel Green Power and Spain's Abengoa to develop a $950 million plant that will supply power to the Pemex's Salina Cruz refinery in southwestern Mexico.

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