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Iberdrola SA (IBDRY.PK)

IBDRY.PK on OTC Markets Group

31.61USD
21 Sep 2017
Change (% chg)

$-0.41 (-1.29%)
Prev Close
$32.02
Open
$31.59
Day's High
$31.62
Day's Low
$31.57
Volume
1,771
Avg. Vol
33,432
52-wk High
$33.39
52-wk Low
$23.38

Latest Key Developments (Source: Significant Developments)

Iberdrola's Neoenergia deal to bring 480 mln euros in 2017
Friday, 25 Aug 2017 01:36am EDT 

Aug 25 (Reuters) - IBERDROLA SA ::SEES POSITIVE ONE-OFF IMPACT FROM NEOENERGIA DEAL OF EUR 480 MILLION IN 2017.SAYS INCORPORATION OF ACTIVITY AND BUSINESSES OF ELEKTRO HOLDING IN NEOENERGIA HAS BEEN COMPLETED.  Full Article

Iberdrola signs power purchase agreement for 200 MW wind power in US
Friday, 28 Jul 2017 04:46am EDT 

July 28 (Reuters) - Iberdrola SA :SIGNS POWER PURCHASE AGREEMENT WITH AUSTIN, UNITED STATES TO SUPPLY ENERGY FOR 15 YEARS.TO OWN AND OPERATE WIND FARM OF 200 MW IN TEXAS.WIND FARM TO BE BUILT IN 2018-2019 WITH INVESTMENT OF ABOUT $300 MILLION.  Full Article

Iberdrola confirms net profit growth outlook for 2017
Thursday, 20 Jul 2017 03:02am EDT 

July 20 (Reuters) - IBERDROLA SA ::CONFIRMS MID-SINGLE DIGIT GROWTH OUTLOOK IN NET PROFIT FOR FY 2017.SAYS EXECUTION OF 2016-2020 PLAN WELL ON TRACK.  Full Article

Iberdrola H1 EBITDA falls 3.6 pct to 3.75 bln YoY
Thursday, 20 Jul 2017 02:14am EDT 

July 20 (Reuters) - IBERDROLA SA :H1 NET PROFIT 1.52 BILLION EUROS VERSUS 1.46 BILLION EUROS YEAR AGO.H1 REVENUE 15.17 BILLION EUROS VERSUS 14.90 BILLION EUROS YEAR AGO.H1 EBITDA 3.75 BILLION EUROS VS 3.89 BILLION EUROS YR AGO.  Full Article

Britain's energy regulator says exploring options to act on high bills
Thursday, 22 Jun 2017 04:43am EDT 

June 22 (Reuters) - :UK energy regulator Ofgem said it will shortly be setting out the work it has underway and further options it can explore to combat high costs for consumers in the country's energy market..The statement comes in response to a letter from the government on Wednesday, asking the regulator what it can do safeguard customers on poor value tariffs..British Prime Minister Theresa May's government said it remained committed to helping consumers hit by the most expensive energy tariffs, when setting out policy objectives on Wednesday. nL8N1JI3GY."We share the Government's concern that the energy market needs to work better for all consumers and that energy companies need to do more to help loyal consumers get a better deal," Ofgem said..Utilities have denied overcharging, but last year the Competition and Markets Authority found they had overcharged some British households a total of 1.4 billion pounds ($1.8 billion) a year on average from 2012 to 2015. nL8N19G198.Britain's "Big Six" suppliers are SSE <<>>, Iberdrola's <<>> Scottish Power, Centrica <<>>, Innogy's npower <<>>, E.ON <<>> and EDF Energy <<>>..  Full Article

Iberdrola unit sells 55 pct of Hilton Diagonal Mar hotel in Barcelona for 80 mln euros‍​
Wednesday, 21 Jun 2017 03:43am EDT 

June 21 (Reuters) - IBERDROLA SA ::IBERDROLA INMOBILIARIA SELLS 55% OF THE HILTON DIAGONAL MAR HOTEL IN BARCELONA TO AXA INVESTMENT MANAGERS-REAL ASSETS FOR 80 MILLION EUROS‍​.IBERDROLA INMOBILIARIA MAINTAINS THE REMAINING 45% OF THE PROPERTY.  Full Article

Iberdrola will not buy shares in future public offering of Neoenergia‍​
Thursday, 8 Jun 2017 05:39am EDT 

June 8 (Reuters) - Pedro Azagra, Development Director Of Iberdrola SA ::SAYS IBERDROLA WILL NOT BUY SHARES IN POTENTIAL NEOENERGIA IPO‍​.SAYS, IN RESPECT TO FUTURE NEOENERGIA LISTING, THAT NOW MAIN IDEA IS FOR IT TO BE A SECONDARY OFFER‍​.  Full Article

Iberdrola sees positive impact on EPS in 2017 after operation in Brazil
Thursday, 8 Jun 2017 04:37am EDT 

June 8 (Reuters) - IBERDROLA SA ::POSITIVE “ONE-OFF” IMPACT ON EPS IN 2017 AND SLIGHTLY DILUTIVE EFFECT IN 2018 (ABOUT 1 PERCENT) DUE TO GOODWILL AMORTIZATION AFTER CONSOLIDATION OF BRAZILIAN ASSETS‍​.SEES POSITIVE IMPACT ON EBITDA OF OVER 900 MILLION EUROS DUE TO CONSOLIDATION OF 100 PERCENT OF NEOENERGIA.OPERATION IN BRAZIL WILL NOT IMPLY SHARE CAPITAL INCREASE.SEES 2.9 BILLION EURO INCREASE IN NET DEBT DUE TO CONSOLIDATION OF 100 PERCENT OF NEOENERGIA, NET DEBT/EBITDA RATIO TO IMPROVE BY 0.1X.SEES ABOUT 0.8 BILLION EUROS PER YEAR OF CAPEX INCREASE DUE TO CONSOLIDATION OF 100 PERCENT OF NEOENERGIA.  Full Article

Iberdrola to develop wind project in Massachusetts, US
Wednesday, 10 May 2017 05:56am EDT 

May 10 (Reuters) - IBERDROLA SA ::IBERDROLA AVANGRID RENEWABLES AND VINEYARD WIND CREATE STRATEGIC ALLIANCE TO JOINTLY DEVELOP OFFSHORE WIND PROJECT, OFF THE COAST OF THE STATE OF MASSACHUSETTS, US.SAYS PROJECT CONSTRUCTION WILL BEGIN IN 2020.SAYS AVANGRID RENEWABLES HAS ACQUIRED 50 PCT OF VINEYARD WIND, THE PROJECT PROMOTER, FROM COPENHAGEN INFRASTRUCTURE PARTNERS.  Full Article

Iberdrola to build wind farm for Apple
Wednesday, 3 May 2017 06:43am EDT 

May 3 (Reuters) - Iberdrola SA ::Says that through its US unit, Avangrid Renewables, it has signed an agreement with Apple Energy, a unit of Apple <<>>, for long-term energy sale from the Montague wind farm in Oregon, the United States.The 200 MW wind farm will be built between 2018 and 2020 .The planned investment in the facility amounts to $300 million.Iberdrola will be the owner and operator of the wind farm and the energy generated during the next 20 years will be supplied to Apple .  Full Article

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Cox: Qatar kerfuffle could tip Aramco to New York

NEW YORK (Reuters Breakingviews) - Economic boycotts are usually designed to force dramatic change. They deprive enemies of income that can be used to finance armies, feed propaganda machines and sustain populations - with the hope of provoking the target's people to overthrow their leaders. Saudi Arabia, the UAE, Egypt and Bahrain have followed much of this playbook since early June in their ostracism of Qatar, which they accuse of financing terrorism.

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