Key Developments: Abengoa SA (ABGOY.PK)

ABGOY.PK on OTC Markets Group

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24 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Abengoa SA signs 1.4 bln euro 5-year syndicated loan-Reuters
Wednesday, 1 Oct 2014 02:55am EDT 

Abengoa SA:Spain's Abengoa said on Oct. 1 it had signed a 5-year revolving syndicated loan for 1.4 billion euros, reducing its financing costs by 100-125 basis points and extending its maturity profile-Reuters.The renewable energy and engineering group said the loan would be divided into two tranches and would amortize an already existing loan as well as provide funding to finance group concession projects.  Full Article

Abengoa SA announces first asset sale to Abengoa Yield
Monday, 22 Sep 2014 04:19am EDT 

Abengoa SA:Enters into definitive agreement with Abengoa Yield, subject to the closing of financing, to sell three renewable facilities for total amount of $323 mln.Renewable assets sold consist of Solacor and PS, Concentrating Solar Power assets with a combined capacity of 131 MW located in Spain and Cadonal, a 50 MW wind farm located in Uruguay.Closing of the operation is scheduled to be formalized before end of the year and is framed within the Right Of First Refusal agreement signed by both companies.  Full Article

Abengoa SA to issue 500 million euros in green bonds-Reuters
Monday, 22 Sep 2014 03:03am EDT 

Abengoa SA:Spanish renewable energy and engineering group Abengoa said it plans to issue, though affiliate Abengoa Greenfield, the equivalent of 500 million euros ($643.00 million) in green bonds-Reuters.The five-year bonds, to be issued in a combination of dollars and euros, are due in 2019 though the details are yet to be decided, Abengoa said in a statement to the market regulator.Funds raised from the bond will be used for environmentally friendly projects, optimise financial costs and diversify the company's sources of financing, Abengoa said.  Full Article

Citigroup places Abengoa class B shares for 4.55 euro/share-Reuters
Friday, 5 Sep 2014 03:01am EDT 

Abengoa SA:Citigroup said it had placed 35.7 million class B shares of Abengoa for 4.55 euros ($5.8882) per share for FR Alfajor Holdings-Reuters.The holdings company, that groups stock owned by US private equity firm First Reserve Corp., has kept 52.6 million class B shares and 20.7 million class B warrants, leaving it with around 0.57 percent of voting rights in Abengoa.The placement was worth 162.4 million euros for the holding company.  Full Article

First Reserve to sell 4.25 pct of Abengoa SA-Reuters
Thursday, 4 Sep 2014 01:07pm EDT 

Abengoa SA:Abengoa shareholder FR Alfajor Holdings, company that groups stock owned by US private equity firm First Reserve Corp., is placing about 4.25 percent of Abengoa in the market, bookrunner Citi said-Reuters.FR Alfajor is selling 35.7 million Abengoa class B shares-representing about 4.25 percent of Abengoa's total shares-through accelerated bookbuilding process.FR Alfajor will still hold over 52.6 million class B shares in Abengoa after transaction, as well as other rights to buy more stock.Shares will be placed among professional investors within the next day.  Full Article

Abengoa issues FY 2014 and FY 2015 net income guidance below analysts' estimates
Wednesday, 3 Sep 2014 04:49am EDT 

Abengoa SA:Sees FY 2014 net income improvement of 25 percent to 30 percent.Sees FY 2015 net income improvement of 40 percent to 60 percent.Company reported FY 2013 net income of 101.45 million euros-Thomson Reuters I/B/E/S Estimates.FY 2014 net income 154.75 million euros-Thomson Reuters I/B/E/S Estimates.FY 2015 net income 239.09 million euros-Thomson Reuters I/B/E/S Estimates.  Full Article

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

Citigroup places Abengoa class B shares for 4.55 euro/share

MADRID, Sept 5 - Citigroup said on Friday it had placed 35.7 million class B shares of Spanish renewable energy firm Abengoa for 4.55 euros (5.8882 US dollar) per share for FR Alfajor Holdings.

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