|Bid||22.21 x 20000|
|Ask||22.49 x 117200|
|Day's range||22.22 - 22.48|
|52-week range||17.51 - 22.50|
|PE ratio (TTM)||16.23|
|Earnings date||25 Jul 2018|
|Forward dividend & yield||1.00 (4.58%)|
|1y target est||20.67|
Cinven said it made €1.1 billion ($1.32 billion) in profit for investors in its fifth fund by selling fiber network operator Ufinet Group while buying back part of the business with money from its latest fund. The London firm sold Madrid-based Ufinet in two parts. Its Latin America-focused international arm has been sold to Cinven’s €7 billion sixth fund, while its Spanish operations have been sold to infrastructure investor Antin Capital Partners.
Spain's stock market regulator said on Wednesday it had asked interested parties involved in the taking over of Abertis (ABE.MC) to not reveal private information about the 18-billion-euro deal. Spain's ACS (ACS.MC) and Italy's Atlantia (ATL.MI) agreed terms on Wednesday to jointly take over Abertis, ending a potential bidding war for the Spanish highway concessions group. The CNMV suspended trading in Abertis and ACS before the market opened on Wednesday.
An all-German deal to split Innogy between RWE and E.ON looks set to create a template for European utilities M&A that includes the demise of the integrated model, no more big cross-border deals and a quest for emerging market growth. Under the deal, announced on Sunday, German utility RWE will combine the renewables businesses of rival E.ON with Innogy's, while E.ON will acquire Innogy's regulated energy networks and customer operations. The deal continues the break-up of E.ON and RWE, which were two vertically integrated utilities before they split their renewables and grids from their thermal generation assets.
Repsol said that the consolidated capital gain from the transaction, which completes its divestment from Gas Natural, will amount to about €400 million ($492.9 million).
Spain's Repsol (REP.MC) has agreed to sell its 20 percent stake in Gas Natural to CVC Capital Partners for 3.82 billion euros(3.38 billion pounds), a move that could allow the oil major to restart investment after years of debt reduction. Repsol will sell the stake to Rioja Bidco Shareholdings, controlled by private equity firm CVC, for a price equivalent to around 19 euros per share, it said on Thursday. Capital gains from the sale were around 400 million euros, it said.
Spain's Repsol has agreed to sell its 20 percent stake in Gas Natural to CVC Capital Partners for 3.82 billion euros , a move that could allow the oil major to restart investment after years of debt reduction. ...
Production at Cheniere Energy Inc's Sabine Pass liquefied natural gas export plant in Louisiana fell well below full capacity on Friday, according to Reuters data: * The volume of gas flowing into the ...
Private equity isn't usually a conduit for minority stakes in public companies, but CVC's Gas Natural interest makes sense.
Spain's Repsol, currently trying to reduce its debt, said on Wednesday buyout group CVC and others were interested in its 20 percent stake in local utility Gas Natural, which has a market value around ...
BRUSSELS, Dec 18 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- WME Entertainment Parent, which is ...
Energy firm Eni aims to express an interest in bidding for an Italian bioplastics business in a move that underlines a longer-term desire to hedge its exposure to oil and gas, financial sources said. Eni wants to revive its chemicals, retail and refining businesses to offset volatility in oil prices and regain favour with investors after its shares underperformed those of industry rivals in the past three years, the sources said. The state-controlled major is looking at the Italian assets of bioplastics multinational Mossi Ghisolfi, which has been put under creditor protection, two banking sources said.
Pakistan is in talks to import liquefied natural gas (LNG) from France, Italy and Spain, a senior Pakistani source said, raising the prospect of new contracts for Engie (LSE: 0LD0.L - news) , Eni (LSE: 0N9S.L - news) and Gas Natural (Frankfurt: 38G.F - news) Fenosa. Pakistan has been seeking intergovernment agreements (IGAs) across the world to bolster its LNG imports and tackle its chronic energy shortages. It opened its second LNG import terminal in Karachi last week and Prime Minister Shahid Khaqan Abbasi said up to five more terminals were in the works.
Pakistan is in talks to import liquefied natural gas (LNG) from France, Italy and Spain, a senior Pakistani source said, raising the prospect of new contracts for Engie, Eni and Gas Natural Fenosa. Pakistan has been seeking intergovernment agreements (IGAs) across the world to bolster its LNG imports and tackle its chronic energy shortages. It opened its second LNG import terminal in Karachi last week and Prime Minister Shahid Khaqan Abbasi said up to five more terminals were in the works.
Pakistan is in liquefied natural gas (LNG) supply talks with France, Italy and Spain, a senior Pakistani source said, which could lead to contracts for Engie (LSE: 0LD0.L - news) , Eni (LSE: 0N9S.L - news) and Gas Natural Fenosa. Intergovernment agreements (IGAs) could help Pakistan speed up its ambitious plans to bolster LNG imports as it aims to end the country's chronic energy shortages. Pakistan opened its second LNG import terminal in Karachi last week and Prime Minister Shahid Khaqan Abbasi said up to five more terminals are in the works.
Spain's Gas Natural (GAS.MC) said late on Friday it had agreed to sell the 59.1 percent stake it owns in its Colombian retail distribution unit to infrastructures fund Brookfield Infrastructure (BIP.N) for 482 million euros (430.26 million pounds). Brookfield will launch a takeover offer for the remaining 48.9 percent of the firm at the same price, valuing the company at 1 billion euros, including debt, or 7.3 times its earnings before interest, tax, depreciation and amortisation. Gas Natural will book a one-off capital gain of 350 million euros on the sale, enabling it to reach its year-end target of a net profit of between 1.3 billion and 1.4 billion euros, it said in a notice to Spain's stock market regulator.
MADRID/MILAN (Reuters) - Spain's Gas Natural (GAS.MC) has approved the sale of its Italian retail business to EDF (EDF.PA) unit Edison and its distribution network to 2i Rete Gas, two sources said on Wednesday. The deal is expected to raise about 1 billion euros (885.85 million pounds) overall for the Spanish energy group, the sources said.
Cheniere Energy's Sabine Pass LNG export terminal in Louisiana would likely have delivered a record amount of gas in September if Hurricane Harvey did not stop deliveries during the first week of the month, ...
Cheniere Energy's Sabine Pass LNG export terminal in Louisiana was on track to deliver a monthly record amount of gas in August before high water levels from Hurricane Harvey stopped deliveries, Reuters ...
Cheniere Energy's Sabine Pass LNG export terminal in Louisiana delivered more gas in July than June but less than the record amount sent in May, Reuters data showed: * The 15 tankers taking cargoes in ...
Cheniere Energy's Sabine Pass LNG export terminal in Louisiana delivered less gas in June than the record amount sent out in May, according to Reuters data: * The 15 tankers taking cargoes in June were ...
A spate of dealmaking news swept European stocks on Tuesday, with Worldpay soaring after bid approaches, helping mitigate a broad based pull back from the previous session's strong gains. On Monday, European shares had their strongest day since April 24, when Emmanuel Macron won the first round of France's presidential election. "Today is a consolidation day after gains yesterday, as we don't have a U.S. market," said Angelo Meda, head of equities at Banor Capital.
Retreating crude prices removed a key driver of European stocks' buoyant start to the month on Tuesday, leading them lower as a spate of dealmaking news moved individual stocks. The pan-European STOXX ...