Edition:
India

Abengoa SA (ABGek.MC)

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

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19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Abengoa In Consortium Wins Desalination Plant Contract In Tunisia
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - ABENGOA SA ::SAID ON TUESDAY THAT, IN CONSORTIUM WITH THE TUNISIAN COMPANY ENGINEERING PROCUREMENT & PROJECT MANAGEMENT (EPPM), HAD WON A CONTRACT TO DEVELOP A DESALINATION PROJECT SOUTH OF THE CITY OF SOUSSA, TUNISIA.THE CONTRACT HAS BEEN AWARDED FOR THE AMOUNT OF 40 MILLION EUROS.ABENGOA AND EPPM WILL BE RESPONSIBLE FOR THE DESIGN, CONSTRUCTION, COMMISSIONING AND OPERATING OF THE PLANT DURING A PERIOD OF THREE MONTHS .THIS IS THE FIRST PROJECT TO BE UNDERTAKEN BY ABENGOA IN TUNISIA.  Full Article

Abengoa Obtains Consent From Creditors To Close Sale Of 25 Pct Of Atlantica Yield
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - ABENGOA ::GETS REQUIRED CONSENTS FROM ITS CREDITORS TO CLOSE THE SALE OF 25 PCT STAKE IN ATLANTICA YIELD.  Full Article

Abengoa Wins New Contract In Argentina For 37.5 Mln Euros
Monday, 18 Dec 2017 

Dec 18 (Reuters) - ABENGOA SA ::AWARDED NEW CONTRACT FOR CONSTRUCTION OF AN ELECTRICAL SUBSTATION IN ARGENTINA FOR 37.5 MILLION EUROS.  Full Article

Abengoa Wins Deal To Adapt Electric System Of Buenos Aires Metro
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - ABENGOA SA ::SAYS WINS DEAL TO CARRY WORKS OF ADAPTATION OF ELECTRIC SYSTEM OF BUENOS AIRES METRO ON BEHALF OF ALSTOM ARGENTINA.  Full Article

Abengoa's Consortium To Build Desalination Plant In Oman
Monday, 11 Dec 2017 

Dec 11 (Reuters) - ABENGOA SA ::SAYS TO BUILD DESALINATION PLANT IN OMAN IN CONSORTIUM WITH FISIA ITALIMPIANTI, PROJECT VALUE AT $ 100 MLN‍​.  Full Article

Abengoa Wins Interconnection Works Deal For Wind Farm In Argentina‍​
Monday, 27 Nov 2017 

Nov 27 (Reuters) - ABENGOA SA ::SAYS WINS DEAL FROM ALUAR FOR ELECTROMECHANICAL INSTALLATION OF A SUBSTATION FOR A WIND FARM IN ARGENTINA.  Full Article

Abengoa 9-month net result turns to profit of 4.73 bln euros YoY
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - ABENGOA SA ::9-MONTH NET PROFIT 4.73 BILLION EUROS VERSUS LOSS 5.41 BILLION EUROS YEAR AGO.SAYS NET RESULT MAINLY DRIVEN BY ONE-OFF ADJUSTMENTS OF FINANCIAL RESTRUCTURING FINALIZED IN MARCH.9-MONTH REVENUE 1.10 BILLION EUROS VERSUS 1.04 BILLION EUROS YEAR AGO.9-MONTH POSITIVE EBITDA 69 MILLION EUROS VERSUS NEGATIVE 90 MILLION EUROS YEAR AGO.  Full Article

Abengoa to sell 25 pct of Atlantica Yield with capital gain of about 96 mln euros
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - ABENGOA SA ::SAID ON WEDNESDAY IT HAD ENTERED INTO A DEAL WITH ALGONQUIN POWER & UTILITIES CORP FOR THE SALE OF A 25 PERCENT STAKE IN ATLANTICA YIELD (AY).THE AGREED PURCHASE PRICE OF $24.25 PER SHARE IS SUBJECT TO CERTAIN DEDUCTIONS INCLUDED IN THE AGREEMENT AS WELL AS TRANSACTION COSTS.THE CAPITAL GAIN WILL BE EFFECTIVE UPON CLOSING THE TRANSACTION, WITH AN ESTIMATED AMOUNT OF ABOUT 96 MILLION EUROS.THE PARTIES ALSO AGREED AN EARN-OUT MECHANISM BY WHICH ABENGOA WILL BENEFIT FROM 30 PERCENT OF THE FIRST $2.00 OF ATLANTICA YIELD'S SHARE PRICE REVALUATION, IMPLYING A MAXIMUM ADDITIONAL AMOUNT OF $0.60 PER SHARE.THE EARN-OUT STRUCTURE WILL BE TRIGGERED ON THE FIRST ANNIVERSARY OF THE CLOSING OF THE TRANSACTION.ABENGOA ALSO GRANTED THE PURCHASER AN OPTION TO ACQUIRE THE REMAINING 16.5 PERCENT OF THE COMPANY'S STAKE IN AY UNDER THE SAME CONDITIONS AND AT THE SAME PRICE AND A RIGHT OF FIRST REFUSAL TO BE EXERCISED DURING THE FIRST QUARTER OF 2018.ABENGOA AND ALGONQUIN ENTERED INTO A MEMORANDUM OF UNDERSTANDING TO JOINTLY INCORPORATE A GLOBAL UTILITY INFRASTRUCTURE COMPANY .  Full Article

Algonquin Power to buy 25 pct stake in Atlantica from Abengoa
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Abengoa Sa :Algonquin Power & Utilities - ‍entered agreement to buy from Abengoa 25% equity interest in atlantica yield for a total purchase price of about $608 million​.Algonquin Power & Utilities Corp says ‍investment in Atlantica is expected to be immediately accretive​.Algonquin power & utilities corp says deal will be partially financed through concurrent bought deal $500 million common equity offering of apuc shares​.  Full Article

Abengoa to expand three high voltage substations in Chile
Monday, 30 Oct 2017 

Oct 30 (Reuters) - ABENGOA SA ::SAYS TO EXPAND THREE HIGH VOLTAGE SUBSTATIONS AND UPGRADE TWO TRANSMISSION LINES FOR CHILQUINTA ENERGIA IN CHILE.  Full Article

UPDATE 1-Solar steam powers homes – and new jobs – in South Africa

CAPE TOWN, Jan 11 (Thomson Reuters Foundation) - South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam.