Key Developments: Iberdrola SA (IBDRY.PK)
21.72USD
24 May 2013
$-0.07 (-0.32%)
$21.79
$21.54
$21.75
$21.48
47,876
32,311
$22.49
$12.66
Latest Key Developments (Source: Significant Developments)
Iberdrola SA Announces Completion Of Sale Of Its Onshore Operating Assets In France To General Electric Co, MEAG And EDF Energies Nouvelles
Iberdrola SA announced, following the press release dated December 31, 2012, that on May 23, 2013 the operation to sell its total operating assets in France to General Electric Co, MEAG and EDF Energies Nouvelles was completed, having fulfilled the last of the conditions for the transaction. Full Article
Iberdrola SA’s Subsidiary Jointly With Group Five Ltd Wins Construction Of Photovoltaic Plant In South Africa-Reuters
Reuters reported that Iberdrola SA announced that its subsidiary IBERDROLA INGENIERIA and the South African company Group Five Ltd has been selected by Jasper Power Company for the construction of a 96-megawatt (MW) photovoltaic plant in South Africa. The contract was signed on May 9, 2013 in Johannesburg, is worth approximately USD 150 million and includes the engineering, equipment supply, civil engineering work, assembly and start-up of this renewable energy facility. In addition, under the terms of the agreement the consortium will be in charge of developing the transformer substation that will feed the plant's energy and a 132-kilovolt (KV) overhead power line that will connect the infrastructure to the national grid. In addition, both companies will also be responsible for the plant's operation and maintenance for the next 15 years. Full Article
Gamesa Corporacion Tecnologica SA Sells 70 MW Mexican Wind Farm To Iberdrola SA-Reuters
Reuters reported that Gamesa Corporacion Tecnologica SA has sold Iberdrola SA a wind farm development in Mexico with a future total installed capacity of 70 MW. Financial details were not disclosed. Full Article
Iberdrola SA Announces Further Details On FY 2012 Dividend Payment
Iberdrola SA announced that it is planning to pay a dividend on July 1, 2013. Further details were not disclosed. Full Article
Iberdrola SA Announces Closing Of Bonds Issuance Of Its Unit, Iberdrola International BV
Iberdrola SA announced the closing and disbursement of Undated Deeply Subordinated Reset Rate Guaranteed Securities issuance of the Company’s unit Iberdrola International BV in the amount of EUR 525 million. Full Article
Iberdrola SA Sells Stake In Iberdrola Renewables Polska Sp. z.o.o. To PGE Polska Grupa Energetyczna SA And Energa Hydro Sp. z.o.o. For PLN 840 Million
Iberdrola SA announced that it has signed an agreement to sell its total stake, representing 75%, in Iberdrola Renewables Polska Sp. z.o.o. to Energa Hydro Sp. z.o.o. and PGE Polska Grupa Energetyczna SA. Iberdrola Renewables Polska has five operating wind farms with an installed capacity of 184.5 MW. Total price for 75% stake of Iberdrola Renewables Polska amounts to PLN 840 million. Full Article
Iberdrola SA Prices EUR 525 Mln Perpetual Bonds-Reuters
Reuters reported that Iberdrola SA has priced perpetual bonds; the terms and conditions are as follows: the issue amount of EUR 525 million, the coupon of 5.75 pct, the issue price of 99.472 and the spread of 481 basis points over mid-swaps. The Payment Date is set on February 27, 2013. Full Article
Iberdrola SA Plans FY 2012 Dividend Payment
Iberdrola SA announced that it is planning a dividend payment at a gross value of EUR 0.03 per share. Full Article
Iberdrola SA Begins Operating Three New Wind Parks In United States-DJ
Dow Jones reported that Iberdrola SA began operating three new wind parks in the United States. The wind parks are located in California, New Hampshire and Massachusetts, and they have a total capacity of over 265 megawatts. The largest of the three new wind parks is located in Manzana, California and it has an installed capacity of 189 megawatts. The Company also started operating a wind park in Groton, New Hampshire, with 24 wind turbines with a combined capacity of 48 megawatts and one in Hoosac, Massachusetts, that has 19 wind turbines with a capacity of 28.5 megawatts. Full Article
Iberdrola SA Closes Issuance Of EUR 1 Billion Bonds Through Its Subsidiary Iberdrola International BV
Iberdrola SA announced that it has closed issuance of bonds, guaranteed by the Company, for a total amount of EUR 1 billion with a coupon of 3.50% and maturity date in February 2021. The issuance of bonds was lead by HSBC Bank plc and placed by Banco Bilbao Vizcaya Argentaria SA, Credit Agricole Corporate and Investment Bank, Goldman Sachs International, HSBC Bank plc, ING Bank NV, Lloyds TSB Bank plc and Unicredit Bank AG. Full Article
UPDATE 1-Spanish builder ACS posts 12 pct rise in core profit
MADRID, May 14 - Spanish construction company ACS posted a 12 percent rise in first-quarter core profit thanks to strong earnings from its overseas divisions, particularly German builder Hochtief.
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