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India

Iberdrola SA (IBE.MC)

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

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17 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Iberdrola awards Ferrovial with deal for hydroelectric plant in Portugal for 80 million euros
Tuesday, 10 Jan 2017 

Iberdrola SA :Awards Ferrovial with deal to build Gouvaes hydroelectric plant in Portugal for 80 million euros ($84.70 million).  Full Article

Iberdrola closes 750 mln euro bonds issue, runs repurchase for four other issues
Thursday, 24 Nov 2016 

Iberdrola SA : Says closes bonds issue for 750 million euros ($792 million) due 2024 at 1 percent annual coupon and 99.177 percent nominal issue price .Runs a partial repurchase offer for four bond issues maturing in 2017 and 2018.  Full Article

Spain's Iberdrola says not expecting changes in UK regulated returns
Wednesday, 26 Oct 2016 

Spain's Iberdrola : Owner of Scottish Power says does not see any changes to regulated returns in the United Kingdom after Britain's vote to leave the European Union . Says expects financial debt costs to keep falling in the coming years, sees improvement in 2017 . Says debt at the end of 2016 will be around 29 billion euros ($31.66 billion) . Says investment plans to 2020 could be increased, will give more details in 2017 investor day Further company coverage: [IBE.MC] ($1 = 0.9159 euros) (Reporting by madrid.newsroom@thomsonreuters.com) ((+34 91 585 2151;)).  Full Article

Spain's Iberdrola says increases net profit targets for 2016
Wednesday, 26 Oct 2016 

Spain's Iberdrola : Says in presentation to investors that nine-month earnings allow it to reaffirm 2016 target on earnings before taxes, interest, depreciation and amortisation (Ebitda), and to upgrade forecasts on net profit [nRSD3JtTB3] . Does not detail new forecast for 2016 net profit . Conference call with analysts due at 0930 CET / 0730 GMT Further company coverage: [IBE.MC] (Reporting by madrid.newsroom@thomsonreuters.com) ((+34 91 585 2151;)).  Full Article

Spain's Iberdola posts 6 pct profit rise in year to September
Wednesday, 26 Oct 2016 

Spain's Iberdrola : Says nine-month earnings before interest, taxes, depreciation and amortization (Ebitda) rise 4.2 percent year-on-year to 5.7 billion euros ($6.2 billion), in line with forecasts in a Reuters poll of analysts [nL8N1CR59S] . Says nine-month net profit up 6.4 percent year-on-year to 2 billion euros, also in line with forecasts . Says confirms year-end targets for Ebitda growth of around 5 percent and net profit growth of more than 5 percent Further company coverage: [IBE.MC] ($1 = 0.9186 euros) (Reporting by madrid.newsroom@thomsonreuters.com) ((+34 91 585 2151;)).  Full Article

Spain's Iberdrola to increase interim dividend by 8 pct against 2016 results
Tuesday, 25 Oct 2016 

Iberdrola : Says is proposing paying an interim dividend of 0.135 euros ($0.1469) per share against 2016 results, an increase of 8 percent against a previous dividend of 0.125 euros . The company pays out through a scrip dividend, where investors can choose between a cash payment or shares . Against 2015 results, the company paid a gross dividend of 0.28 euros per share and its target is to grow dividends in line with profits .Company has a payout target of between 65 percent and 75 percent.  Full Article

Iberdrola to build two new wind farms on Canary Islands for 40 mln euros
Tuesday, 23 Aug 2016 

Iberdrola SA : To build two new wind farms on Canary Islands for about 40 million euros ($45 million) .The wind farms Las Aulagas (13.8 MW) and Chimiche II (18.4 MW) will be located on Tenerife.  Full Article

Iberdrola signs a 200 mln euros loan with the EIB
Wednesday, 3 Aug 2016 

Iberdrola SA : Signs a loan with the European Investment Bank (EIB) of 200 million euros ($223.92 million) for innovation projects in networks and renewables Further company coverage: [IBE.MC] ($1 = 0.8932 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Spain's Iberdrola says Brexit impact on profit fully covered
Wednesday, 20 Jul 2016 

Spain's Iberdrola : Says first half net profit of 1.46 billion euros ($1.61 billion), slightly above a Reuters forecast for 1.44 billion euros . Says earnings before interest, taxes, depreciation and amortization (Ebitda) was 3.89 billion euros, also beating a Reuters forecast for 3.82 billion euros . Confirms its targets for a year-end Ebitda growth of around 5 percent and net profit growth of more than 5 percent . Owner of Scottish power says negative impact of Brexit due to fall of sterling to be partially offset by evolution of dollar . Says Brexit hit on net profit fully covered by derivatives and other financial instruments Reuters forecast [http://bit.ly/29XAn02] Further company coverage: [IBE.MC] ($1 = 0.9077 euros) (Reporting by Madrid Newsroom) ((madrid.newsroom@thomsonreuters.com; +34 91 585 21 51;)).  Full Article

Gamesa to supply 298 MW at Avangrid Renewables wind complex in US
Friday, 8 Jul 2016 

Gamesa Corporacion Tecnologica SA : Says its US unit, Gamesa Wind US, and Avangrid Renewables LLC, a company from Iberdrola group, have reached a deal for the supply of 142 wind turbines of 298 MW in total .The turbine supply to the farm in the state of New Mexico, the United States, will begin in the first quarter of 2017.  Full Article

Canada's AltaGas says in potential deal talks

Canadian energy infrastructure company AltaGas Ltd said on Thursday it was in talks with a third party over a potential transaction.