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Iren SpA (IREE.MI)

IREE.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Iren FY Net Profit Up At EUR 237.7 Mln
Wednesday, 7 Mar 2018 05:12pm EST 

March 8 (Reuters) - IREN SPA ::REPORTED ON WEDNESDAY FY TOTAL REVENUES EUR 3.70 BLN VS EUR 3.28 BLN YEAR AGO.FY NET PROFIT EUR 237.7 MLN VS EUR 179.8 MLN YEAR AGO.PROPOSES DIVIDEND OF EUR 0.07 PER SHARE, UP 12 PCT YEAR ON YEAR.  Full Article

Municipality Of Turin Transfers Its Stake In Iren To FCT
Friday, 2 Feb 2018 02:22am EST 

Feb 2 (Reuters) - IREN SPA ON BEHALF OF FINANZIARIA SVILUPPO UTILITIES SRL::SAID ON THURSDAY THAT THE PROJECT FOR THE PARTIAL, NON-PROPORTIONAL DE-MERGER OF FINANZIARIA SVILUPPO UTILITIES(FSU) IN FAVOUR OF FCT HOLDING HAS BEEN FILED.FINANZIARIA SVILUPPO UTILITIES SRL (FSU) IS A COMPANY OWNED 50 PCT BY THE MUNICIPALITY OF GENOA AND 50 PCT INDIRECTLY BY THE MUNICIPALITY OF TURIN THROUGH FCT HOLDING.FSU OWNS A 33.30 PCT STAKE IN IREN.THE PARTICIPATION IN IREN CURRENTLY HELD BY FSU WILL BE DIVIDED EQUALLY BETWEEN FSU AND THE BENEFICIARY FCT.FSU, AFTER THE DE-MERGER, WILL BE 100 PCT OWNED BY THE MUNICIPALITY OF GENOA.  Full Article

Iren Awarded 4 Lots Of Consip Tender For Supply Of Electricity To Public Administration
Thursday, 11 Jan 2018 12:26pm EST 

Jan 11 (Reuters) - Iren Spa ::AWARDED 4 LOTS OF THE CONSIP TENDER FOR THE SUPPLY OF ELECTRICITY TO THE PUBLIC ADMINISTRATION.CONSIP EE15 TENDER FOR A TOTAL SUPPLY IS ESTIMATED AT 365 MILLION EUROS IN TERMS OF REVENUES.  Full Article

Iren's Board Approves Reserved Share Capital Increase Linked To Iren/ACAM Business Combination
Friday, 29 Dec 2017 08:30am EST 

Dec 29 (Reuters) - IREN SPA ::BOARD APPROVES RESERVED SHARE CAPITAL INCREASE LINKED TO BUSINESS COMBINATION BETWEEN IREN AND ACAM S.P.A..TO INCREASING SHARE CAPITAL OF COMPANY BY PAYMENT, IN TRANCHES, FOR MAXIMUM AMOUNT, IN NOMINAL VALUE, OF EUR 27.7 MILLION.THE SUBSCRIPTION PRICE HAS BEEN FIXED AT EUR 2.13 FOR EACH NEWLY ISSUED “IREN S.P.A.” ORDINARY SHARE.NEWLY ISSUED SHARES TO BE INTENDED EXCLUSIVELY FOR SUBSCRIPTION, TILL MAY 31, 2018, BY ACAM’S PUBLIC ENTITY SHAREHOLDERS.  Full Article

Iren Board Approves Conversion Of 18.2 Million Savings Shares Into Ordinary Ones
Wednesday, 20 Dec 2017 10:36am EST 

Dec 20 (Reuters) - IREN SPA ::BOARD APPROVES CONVERSION OF 18.2 MILLION SAVINGS SHARES OWNED BY FCT HOLDING IN ORDINARY SHARES.  Full Article

Iren Board Approves Capital Increase for Business Combination with Acam
Wednesday, 6 Dec 2017 03:39am EST 

Dec 6 (Reuters) - IREN SPA ::SAID ON TUESDAY BOARD HAD APPROVED THE MANAGEMENT REPORT OF A RESERVED CAPITAL INCREASE FOR THE BUSINESS COMBINATION WITH ACAM.OFFER TO ACQUIRE ACAM AMOUNTED TO EUR 59.0 MLN FOR A 100 PCT OF ACAM.OFFER IS STILL SUBJECT TO THE COMPLETION OF THE DECISION-MAKING PROCESS OF THE PARTIES INVOLVED.BUSINESS OPERATION MAY CONCERN ACQUISITION OF AT LEAST 70 PCT OF ACAM AND SUBSCRIPTION TO IREN'S CAPITAL INCREASE BY SHAREHOLDERS REPRESENTING AT LEAST 70 PCT OF ACAM .  Full Article

Italy's market watchdog fines Iren EUR 65,000 for not disclosing related-party transaction
Friday, 17 Nov 2017 03:23am EST 

Nov 17 (Reuters) - IREN SPA ::SAID ON THURSDAY ITALY'S MARKET WATCHDOG HAD FINED IREN EUR 60,000 FOR NOT PUBLISHING PRESS RELEASES REGARDING A RELATED PARTY TRANSACTION.FINE RELATES TO CHANGES MADE IN 2013, 2014, AND 2015 TO A FRAMEWORK AGREEMENT WITH THE MUNICIPALITY OF TURIN AND TO A 2015 CONTRACT BETWEEN AMIAT AND THE MUNICIPALITY OF TURIN.ITALY'S MARKET WATCHDOG ALSO ORDERED IREN TO PAY A 95,000 EURO FINE WHICH WAS HANDED TO THE THEN AUDITORS FOR THE CHANGES IN 2013 AND 2014 TO THE FRAMEWORK AGREEMENT.  Full Article

Iren reports ‍revenues for nine months 2017 at 2,614.4 mln euros vs. 2,228.4 million
Monday, 13 Nov 2017 06:01pm EST 

Nov 13 (Reuters) - Iren SpA :Iren SpA says ‍revenues for nine months 2017 at 2,614.4 million euros versus 2,228.4 million euros at 30/9/2016​.9 months 2017 group net profit at 179.5 million euros versus. 126.2 million euros at 30/9/2016​.  Full Article

Iren Spa ‍says board has approved business plan to 2022​
Monday, 13 Nov 2017 06:00pm EST 

Nov 13 (Reuters) - Iren Spa ::‍board of directors has approved business plan to 2022​.Iren Spa sees ‍ebitda at 2022 of approximately 950 million euro, with an annual growth rate of 3.3%​.Iren spa sees ‍debt at 2022 down by approximately 300 million euros to approximately 2.16 billion euros​.An expected growth in dividend per share equal at least to 10% per year to be added to business plan 2022​.  Full Article

Iren: nominal amount of 92.2 mln euro of notes tendered in bond buy-back offer
Wednesday, 18 Oct 2017 05:27am EDT 

Oct 18 (Reuters) - IREN SPA ::REPORTS INDICATIVE RESULTS OF TENDER OFFER TO BUY BACK NOTES DUE 2019, 2020, 2021, 2022‍​‍​.AGGREGATE NOMINAL AMOUNT OF ABOUT EUR 92,179,000 OF NOTES HAD BEEN TENDERED.  Full Article

BRIEF-Spain's NH Hotels expects to beat 2018 EBITDA target of 260 mlns euros

* Says expects to beat original 2018 core profit (EBITDA) target of 260 million euros ($318 million)