Key Developments: Iberdrola SA (IBE.MC)

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

6.10EUR
24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Iberdrola awards Elecnor with contracts in US and UK worth 20 mln euros
Tuesday, 14 Apr 2015 

Elecnor SA:Says Iberdrola awards Elecnor with two contracts in United States and United Kingdom worth 20 million euros.In UK contract is with Scottishpower, unit of Iberdrola, worth 6.6 million euros.United States line construction contract is worth 13.2 million euros.  Full Article

Iberdrola to propose FY 2014 dividend
Tuesday, 17 Feb 2015 

Iberdrola SA:To propose dividend for 2014 of 0.03 euro gross per share.  Full Article

Iberdrola SA issues 600 mln euros in bonds via subsidiary
Wednesday, 14 Jan 2015 

Iberdrola SA:Issues 600 mln euros in bonds via its subsidiary Iberdrola International B.V.Annual coupon of 1.125 pct.Price set to 99.393 pct of nominal value.Maturity on Jan. 27, 2023.  Full Article

Iberdrola SA hires JPMorgan for asset sale to fund U.S. buy-Reuters
Monday, 6 Oct 2014 

Iberdrola SA:Spanish power firm Iberdrola has hired JPMorgan Chase & Co to sell some foreign renewable assets which could raise up to 2 billion euros to help fund an acquisition in the fast-growing U.S. market, three sources with knowledge of the matter said-Reuters.  Full Article

Iberdrola to partially subscribe to Gamesa capital hike-Reuters
Monday, 8 Sep 2014 

Iberdrola SA:Iberdrola said it plans to partially subscribe to capital hike by Gamesa-Reuters.Gamesa said it had agreed to issue some 25.4 million new shares, or equivalent of 9.99 percent of group's capital, in accelerated book-building process.Iberdrola currently holds 19.617 percent of Gamesa's shares.  Full Article

Iberdrola Ingenieria and Elecnor Deimos to undertake project SUMO in partnership with ESA
Thursday, 4 Sep 2014 

Iberdrola SA:Iberdrola Ingenieria and Elecnor Deimos by way of their respective UK subsidiaries, have launched project SUMO (Support of Maritime Operations in Offshore Windfarms), initiative aimed at creating system for offshore wind farm management.Initiative to be undertaken with support of UK's Technology Strategy Board (TSB) and European Space Agency (ESA).SUMO system is expected to address entire offshore wind farm development process as it will be possible to use system while facilities are being constructed as well as in their subsequent operation and maintenance.Project to integrate diagnostic and ocean weather forecasting tools, using products and services developed within aerospace industry.These applications include use of high-resolution satellite imagery and methods for geo-locating people and objects.In addition, Iberdrola Ingenieria is to develop new ocean weather forecasting module comprising tools for high-resolution, numerical atmosphere, ocean and wave simulation.  Full Article

Iberdrola to build 69 MW dersalloch wind farm in Scotland
Wednesday, 20 Aug 2014 

Iberdrola SA:Iberdrola, through its UK subsidiary ScottishPower Renewables, has received consent from Scottish Government for 23 wind turbines at Dersalloch Hill in South Ayrshire, with nominal capacity of up to 69 MW.Wind farm site is located to the east of Staiton, in Scotland.  Full Article

Iberdrola starts work on construction of 66 MW Pier II wind farm in Mexico; to carry out project with local partner
Tuesday, 12 Aug 2014 

Iberdrola SA:Starts construction work for Pier II wind farm, with installed capacity of 66 megawatts (MW), in Mexico.Pier II will be located in municipality of Esperanza.It will be equipped with 33 Gamesa G97 wind turbines, each with a unit capacity of 2 MW.Wind farm will be located in Puebla state in south of country.Developing this new infrastructure will require investment of some $120 million.By the time it is connected to grid, it will be able to supply renewable energy to 25,000 Mexican households.IBERDROLA will be carrying out this project along with local partner, Mexican firm Impulsora Latinoamericana de Energias (ILER).  Full Article

Iberdrola SA sells 25 percent stake in Bahia Bizkaia Electricidad for 111 million euros-Reuters
Wednesday, 30 Jul 2014 

Iberdrola SA:Announces that the company has reached an agreement to sell its 25 percent stake in Bahia Bizkaia Electricidad (BBE) to BP for 111 million euros ($148.72 million)-Reuters.BP already owned a 50 percent stake in BBE, a power plant located in northern Spain.  Full Article

Iberdrola updates on script dividend
Friday, 18 Jul 2014 

Iberdrola SA:Trading period for free-of-charge allocation rights corresponding to capital increase ended on July 17.Holders of 3,012,527,967 free-of-charge allocation rights entitled to accept irrevocable commitment to purchase rights assumed by Iberdrola have done so.Iberdrola has acquired such rights in total gross amount of 343,428,188.24 euros.Iberdrola has waived the free-of-charge allocation rights acquired pursuant to above and, therefore, new shares corresponding to such rights.Definitive number of ordinary shares with unitary par value of 0.75 euros that will be issued in capital increase is 67,239,000, with nominal amount of capital increase being 50,429,250 euros.It is expected that new shares will be admitted to trading on Bilbao, Madrid, Barcelona and Valencia Stock Exchanges, through Automated Quotation System (Electronic Market), on July 24.Ordinary trading of new shares is expected to commence on July 25.  Full Article

Deals of the day- Mergers and acquisitions

Feb 26 - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

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