Key Developments: Iberdrola SA (IBE.MC)

IBE.MC on Madrid SE C.A.T.S.

27 May 2016
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Latest Key Developments (Source: Significant Developments)

Indra's unit to partner with Iberdrola in technological transformation project
Wednesday, 25 May 2016 

Indra Sistemas SA : Says its unit Minsait will be Iberdrola's partner in digital transformation project of network asset management Further company coverage: [IDR.MC] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 7720920;)).  Full Article

Ferrovial to build dam and power plant for Iberdrola in Portugal
Thursday, 12 May 2016 

Iberdrola SA : Says selected consortium headed by Ferrovial to build dam and hydroelectric power plant worth 90 million euros ($102.7 million) in Portugal Further company coverage: [IBE.MC] ($1 = 0.8767 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)).  Full Article

Iberdrola SA approves dividends, affirms outlook for 2020
Friday, 8 Apr 2016 

Iberdrola SA:Approves dividend which includes payment of 0.03 euros gross per share for FY 2015.Approves capital increase of market value of up to 855 million euros ($971 million) and 985 million euros in order to implement scrip dividend scheme.Sees 2020 net profit at around 3.00 billion euros.Sees 2020 EBITDA at around 10.00 billion euros.  Full Article

Iberdrola SA - UK's Competition Markets Authority proposes energy price cap for some customers - Reuters News
Thursday, 10 Mar 2016 

Iberdrola SA:Britain's competition watchdog wants to impose an energy price cap for 4 mln households on pre-payment meters, a document seen by Reuters showed, a watering down of previous proposals - RTRS.The Competition Markets Authority (CMA) proposals on Thursday are the provisional outcome of an investigation into whether the country's largest energy suppliers, also known as the "Big Six", have distorted competition in the energy market.The inquiry, which was launched in June 2014, is intended to clear up once and for all whether SSE, Iberdrola's Scottish Power, Centrica, RWE npower, E.ON and EDF Energy were abusing their control of the market.The price control for pre-payment meter customers would reduce their bills by a total of 300 million pounds a year and will remain in place until 2020, the CMA said.Last year, the CMA had proposed a price cap for all customers on the most expensive tariffs.On Thursday, the CMA said that in total, customers may have been paying around 1.7 billion pounds a year more than they would have done in a competitive market.The watchdog also proposed that a database is created, to be controlled by the energy regulator, to allow rival suppliers to contact customers who have been on more expensive tariffs for three years or more with better deals.  Full Article

Iberdrola SA to issue 60.3 mln shares for scrip dividend
Tuesday, 26 Jan 2016 

Iberdrola SA:Says that 60.3 million is the final amount of shares to be issued under capital increase approved on March 27, 2015.Shares' nominal value is of 0.75 euro/share.Says that the number of new shares to be issued represents an increase of 0.952 pct over company's share capital.The holders of 3.32 billion free-of-charge allocation rights entitled to accept the irrevocable commitment to purchase the referred rights assumed by Iberdrola have done so.Says it has acquired such rights in the total gross amount of 421.7 million euros.  Full Article

Gamesa and Iberdrola unit to build four wind farms in Costa Rica
Tuesday, 29 Dec 2015 

Gamesa Corporacion Tecnologica SA:Gamesa and Iberdrola Ingenieria have signed EPC contracts with subsidiaries of Globeleq Mesoamerica Energy (GME) to build four wind farms in Costa Rica with total capacity of 80 MW​.The two companies will handle all construction and commissioning phases required for this project, named Alisios, which comprises four 20-MW wind farms.Gamesa will manufacture 19 of its G90-2.0 MW turbines and 21 of its G87-2.0 MW turbines for delivery during the second quarter of 2016.Iberdrola will handle the engineering, procurement and construction (EPC) side of this renewable facility, which is due for commissioning towards the end of 2016​.  Full Article

Iberdrola SA to finalize the merger with UIL Holdings, to list Iberdrola USA
Wednesday, 16 Dec 2015 

Iberdrola SA:Says it expects to finalize the merger with UIL Holdings today and to begin listing Iberdrola USA, Inc, to be known as Avangrid, Inc, on Dec. 17.  Full Article

Gamesa Corporacion Tecnologica SA, Iberdrola Renovables sign US wind contract
Thursday, 16 Jul 2015 

Gamesa Corporacion Tecnologica SA:Says its US unit and Iberdrola Renovables have signed a contract to supply 208 megawatts of wind capacity in the United States.Will supply, install and put into operation 104 wind turbines at a wind farm in the US state of North Carolina.Expects to deliver the wind turbines in the second quarter of 2016 and put them into operation in the fourth quarter of 2016.  Full Article

Iberdrola SA approves capital increase of 722 million euros
Wednesday, 1 Jul 2015 

Iberdrola SA:Approves first capital increase of up to 722 million euros.Assumes a minimum purchase price of 0.113 euro gross per right.To issue up to 115,555,555 new shares.The number of free allotment rights required to receive one share amounts to 54.Maximum nominal value of capital increase amounts to 86,666,666.25 euros.Acquisition price for each free allotment right is set to 0.114 euro.  Full Article

Grupo Kuo SAB de CV in joint venture with Repsol signs energy cogeneration deal with Iberdrola
Monday, 4 May 2015 

Grupo Kuo SAB de CV:Signs via its joint venture Dynasol (50 pct owned by Repsol Quimica SA) power cogeneration deal with Iberdrola.Joint venture to construct a power cogeneration plant with capacity of 56 megawatt energy and 38 tones of water vapor simultaneously to produce synthetic rubber.  Full Article

BRIEF-Indra's unit to partner with Iberdrola in technological transformation project

* Says its unit Minsait will be Iberdrola's partner in digital transformation project of network asset management