Edition:
India

Iren SpA (IREE.MI)

IREE.MI on Milan Stock Exchange

1.90EUR
10 Dec 2018
Change (% chg)

€-0.02 (-0.84%)
Prev Close
€1.92
Open
€1.91
Day's High
€1.93
Day's Low
€1.89
Volume
1,254,819
Avg. Vol
2,197,332
52-wk High
€2.74
52-wk Low
€1.87

Latest Key Developments (Source: Significant Developments)

City Of Genoa Approves Decision Giving It Option To Increase Stake In Iren
Thursday, 29 Nov 2018 

Nov 30 (Reuters) - Iren SpA :THE CITY OF GENOA SAID ON THURSDAY IT APPROVED A DECISION GIVING IT THE OPTION TO INCREASE ITS STAKE IN IREN AFTER ON NOV. 26 C. 32.9 MLN SHARES OF IREN WERE SOLD BY THE MUNICIPALITY OF TURIN .THE CITY OF GENOA SAID IT AUTHORISED UNIT FINANZIARIA SVILUPPO UTILITIES SRL (FSU) TO PURCHASE IREN SHARES.THE CITY OF GENOA SAID LAUNCHES PURCHASE IN ORDER TO MAINTAIN OVERALL POSITION OF PUBLIC ENTITIES IN CO'S SHARE CAPITAL UNCHANGED.THE CITY OF GENOA SAID DOES NOT PLANS TO BUY GREATER NUMBER OF IREN'S SHARES THAN THOSE SOLD BY MUNICIPALITY OF TURIN .THE CITY OF GENOA SAID DOES NOT PLAN TO ACQUIRE CONTROL OF IREN AND DURING THE REFERENCE PERIOD, FSU DOES NOT INTEND TO PROPOSE TO SUPPLEMENT OR REVOKE MEMBERSHIP OF ADMINISTRATIVE AND CONTROL BODIES OF IREN.THE CITY OF GENOA IS A LEADING SHAREHOLDER OF IREN, CURRENTLY HOLDING THROUGH FSU C. 12.5 MLN SHARES REPRESENTING 16.33 PCT OF IREN'S SHARE CAPITAL AND 21.533 PCT OF INCREASED VOTING RIGHTS .  Full Article

Iren shareholder Finanziaria Citta Torino places 2.5 pct of Iren at 1.85 euros/share
Tuesday, 27 Nov 2018 

Nov 26 (Reuters) - Iren shareholder Finanziaria Citta di Torino Holding says::PLACED 2.5 PERCENT OF UTILITY IREN AT 1.85 EUROS PER SHARE.  Full Article

FCT Announces Closing Of Accelerated Bookbuilding On Iren Shares
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - FCT::SAID ON MONDAY UNICREDIT CORPORATE & INVESTMENT BANKING ACTING AS SOLE BOOKRUNNER - IN COOPERATION WITH KEPLER.CHEUVREUX - COMPLETED SALE OF 32.9 MLN ORDINARY SHARES OF IREN SPA EQUAL TO 2.5% OF ITS SHARE CAPITAL.THE OFFERING WILL BE SETTLED ON NOVEMBER 29.THE OFFERING, CARRIED OUT THROUGH ACCELERATED BOOKBUILDING PROCESS ADDRESSED EXCLUSIVELY TO ITALIAN AND INTERNATIONAL INSTITUTIONAL INVESTORS, WAS PRICED AT EURO 1.85 PER SHARE WITH AGGREGATE PROCEEDS EQUAL TO APPROX. EUR 61 MLN.UPON COMPLETION OF THE TRANSACTION, FCT WILL HOLD ABOUT 13.8% OF THE SHARE CAPITAL OF IREN SPA.  Full Article

Iren 9-Mth Net Profit Up At EUR 236.5 Mln
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Iren SpA ::9-MONTH REVENUE EUR 2.82 BILLION VERSUS EUR 2.61 BILLION YEAR AGO.9-MONTH NET PROFIT EUR 236.5 MILLION VERSUS EUR 178.7 MILLION YEAR AGO.  Full Article

Iren Unit Finalizes Acquisition Of Controlling Stake In Maira
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Iren SpA ::UNIT IREN ENERGIA FINALIZES ACQUISITION OF CONTROLLING STAKE IN MAIRA.DEAL ENVISAGES EXERCISE OF PUT/CALL OPTION TO BUY 60 PERCENT OF ALPEN 2.0.  Full Article

Iren SpA Sees Net Profit Of Around 300 Million Euro In 2023
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Iren SpA ::SAYS ANNOUNCES BUSINESS PLAN FOR 2018-2023.SAYS SEES EBITDA OF 1,020 MILLION EURO IN 2023, + 200 MILLION EUROS COMPARED TO 2017.SAYS SEES NET PROFIT AROUND 300 MILLION EURO IN 2023.SAYS EXPECTED DIVIDEND 8.4 EURO CENTS/SHARE (+20%) IN 2018.AS OF 2019, AN AVERAGE DIVIDEND PAY-OUT RATIO OF 50% IS FORECAST.  Full Article

Iren Unit Finalizes Acquisition Of Spezia Energy Trading
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Iren SpA ::UNIT FINALIZES ACQUISITION OF SPEZIA ENERGY TRADING.  Full Article

Iren Reports HY Net Profit Of 187.2 Mln Euros
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Iren SpA ::H1 REVENUES OF 1,937 MILLION EUROS VERSUS 1,813.5 MILLION EUROS AT H1 2017.HY EBITDA OF 505.8 MILLION EUROS (+14.4% AGAINST 442.3 MILLION EUROS AT 30/06/2017).HY GROUP NET PROFIT OF 187.2 MILLION EUROS (+29.2% AGAINST 144.8 MILLION EUROS AT 30/06/2017).HY EBIT OF 315.3 MILLION EUROS (+22.7% COMPARED TO 256.9 MILLION EUROS AT 30/06/2017).  Full Article

FSU Says EGM Of Shareholders Approved Partial Non-Proportional Asymmetrical Demerger Of FSU With FCT Holding SPA As Beneficiary
Friday, 11 May 2018 

May 10 (Reuters) - FINANZIARIA SVILUPPO UTILITIES: :FINANZIARIA SVILUPPO UTILITIES SAYS EGM OF SHAREHOLDERS APPROVED PARTIAL NON-PROPORTIONAL ASYMMETRICAL DEMERGER OF FSU WITH FCT HOLDING S.P.A. AS BENEFICIARY.  Full Article

Iren: Closing Of Business Combination Between Iren And Acam Group
Wednesday, 11 Apr 2018 

April 11 (Reuters) - Iren SpA ::SAYS ANNOUNCES CLOSING OF BUSINESS COMBINATION BETWEEN IREN AND ACAM GROUP.SAYS ALSO ACAM, ACAM ACQUE S.P.A. AND ACAM AMBIENTE S.P.A. HAVE ARRANGED TO FULLY REPAY DEBTS OF EURO 130,326,104.21.  Full Article