Edition:
India

Iren SpA (IREE.MI)

IREE.MI on Milan Stock Exchange

2.71EUR
1:58pm IST
Change (% chg)

€0.01 (+0.52%)
Prev Close
€2.69
Open
€2.70
Day's High
€2.71
Day's Low
€2.70
Volume
14,471
Avg. Vol
2,567,551
52-wk High
€2.71
52-wk Low
€1.48

Latest Key Developments (Source: Significant Developments)

Iren Announces Undersigning Of Investment Agreement By Residual ACAM Shareholders
1:14pm IST 

Jan 22(Reuters) - IREN SPA ::SAID ON SATURDAY THAT IN RELATION TO BUSINESS COMBINTION BETWEEN IREN AND ACAM, THE MUNICIPALITIES OF BONASSOLA, DEIVA MARINA, PIGNONE, LERICI AND PORTOVENERE, ACAM SHAREHOLDERS, REPRESENTING 8.69% OF ACAM’S SHARE CAPITAL, HAVE UNDERSIGNED THE INVESTMENT AGREEMENT.MUNICIPALITIES UNDERTAKE, SUBJECT TO THE OCCURRENCE OF THE RELATED CONDITIONS PRECEDENT, TO SELL TO IREN ALL THE ACAM SHARES THEY OWN, REPRESENTING OVERALL 8.96% OF ACAM’S SHARE CAPITAL.MUNICIPALITIES OF BONASSOLA, DEIVA MARINA AND PIGNONE, JOINTLY REPRESENTING 1.24% OF ACAM’S SHARE CAPITAL HAVE FURTHER UNDERTAKEN TO SUBSCRIBE AND PAY IN MONEY, SIMULTANEOUSLY UPON THE SALE, A STAKE(EQUAL TO 344,592 IREN SHARES) OF THE SHARE CAPITAL INCREASE RESERVED TO THEM.  Full Article

Iren Awarded 4 Lots Of Consip Tender For Supply Of Electricity To Public Administration
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Iren Spa ::AWARDED 4 LOTS OF THE CONSIP TENDER FOR THE SUPPLY OF ELECTRICITY TO THE PUBLIC ADMINISTRATION.CONSIP EE15 TENDER FOR A TOTAL SUPPLY IS ESTIMATED AT 365 MILLION EUROS IN TERMS OF REVENUES.  Full Article

Iren's Board Approves Reserved Share Capital Increase Linked To Iren/ACAM Business Combination
Friday, 29 Dec 2017 

Dec 29 (Reuters) - IREN SPA ::BOARD APPROVES RESERVED SHARE CAPITAL INCREASE LINKED TO BUSINESS COMBINATION BETWEEN IREN AND ACAM S.P.A..TO INCREASING SHARE CAPITAL OF COMPANY BY PAYMENT, IN TRANCHES, FOR MAXIMUM AMOUNT, IN NOMINAL VALUE, OF EUR 27.7 MILLION.THE SUBSCRIPTION PRICE HAS BEEN FIXED AT EUR 2.13 FOR EACH NEWLY ISSUED “IREN S.P.A.” ORDINARY SHARE.NEWLY ISSUED SHARES TO BE INTENDED EXCLUSIVELY FOR SUBSCRIPTION, TILL MAY 31, 2018, BY ACAM’S PUBLIC ENTITY SHAREHOLDERS.  Full Article

Iren Board Approves Conversion Of 18.2 Million Savings Shares Into Ordinary Ones
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - IREN SPA ::BOARD APPROVES CONVERSION OF 18.2 MILLION SAVINGS SHARES OWNED BY FCT HOLDING IN ORDINARY SHARES.  Full Article

Iren Board Approves Capital Increase for Business Combination with Acam
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - IREN SPA ::SAID ON TUESDAY BOARD HAD APPROVED THE MANAGEMENT REPORT OF A RESERVED CAPITAL INCREASE FOR THE BUSINESS COMBINATION WITH ACAM.OFFER TO ACQUIRE ACAM AMOUNTED TO EUR 59.0 MLN FOR A 100 PCT OF ACAM.OFFER IS STILL SUBJECT TO THE COMPLETION OF THE DECISION-MAKING PROCESS OF THE PARTIES INVOLVED.BUSINESS OPERATION MAY CONCERN ACQUISITION OF AT LEAST 70 PCT OF ACAM AND SUBSCRIPTION TO IREN'S CAPITAL INCREASE BY SHAREHOLDERS REPRESENTING AT LEAST 70 PCT OF ACAM .  Full Article

Italy's market watchdog fines Iren EUR 65,000 for not disclosing related-party transaction
Friday, 17 Nov 2017 

Nov 17 (Reuters) - IREN SPA ::SAID ON THURSDAY ITALY'S MARKET WATCHDOG HAD FINED IREN EUR 60,000 FOR NOT PUBLISHING PRESS RELEASES REGARDING A RELATED PARTY TRANSACTION.FINE RELATES TO CHANGES MADE IN 2013, 2014, AND 2015 TO A FRAMEWORK AGREEMENT WITH THE MUNICIPALITY OF TURIN AND TO A 2015 CONTRACT BETWEEN AMIAT AND THE MUNICIPALITY OF TURIN.ITALY'S MARKET WATCHDOG ALSO ORDERED IREN TO PAY A 95,000 EURO FINE WHICH WAS HANDED TO THE THEN AUDITORS FOR THE CHANGES IN 2013 AND 2014 TO THE FRAMEWORK AGREEMENT.  Full Article

Iren reports ‍revenues for nine months 2017 at 2,614.4 mln euros vs. 2,228.4 million
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Iren SpA :Iren SpA says ‍revenues for nine months 2017 at 2,614.4 million euros versus 2,228.4 million euros at 30/9/2016​.9 months 2017 group net profit at 179.5 million euros versus. 126.2 million euros at 30/9/2016​.  Full Article

Iren Spa ‍says board has approved business plan to 2022​
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Iren Spa ::‍board of directors has approved business plan to 2022​.Iren Spa sees ‍ebitda at 2022 of approximately 950 million euro, with an annual growth rate of 3.3%​.Iren spa sees ‍debt at 2022 down by approximately 300 million euros to approximately 2.16 billion euros​.An expected growth in dividend per share equal at least to 10% per year to be added to business plan 2022​.  Full Article

Iren: nominal amount of 92.2 mln euro of notes tendered in bond buy-back offer
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - IREN SPA ::REPORTS INDICATIVE RESULTS OF TENDER OFFER TO BUY BACK NOTES DUE 2019, 2020, 2021, 2022‍​‍​.AGGREGATE NOMINAL AMOUNT OF ABOUT EUR 92,179,000 OF NOTES HAD BEEN TENDERED.  Full Article

Iren concludes issue of 500 mln euro 10-year green bond
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - IREN SPA ::‍HAS SUCCESSFULLY LAUNCHED ITS FIRST GREEN BOND FOR OVERALL AMOUNT OF 500 MILLION EUROS WITH 10-YEAR MATURITY BOND UNDER EMTN PROGRAMME​.‍NOTES HAVE MINIMUM UNIT DENOMINATION OF 100,000 EUROS AND MATURE ON 24 OCT 2027​.‍NOTES PAY GROSS INTEREST OF 1.50% AND HAVE BEEN PLACED AT AN ISSUE PRICE OF 98.356%​.‍GROSS EFFECTIVE RETURN AT MATURITY IS 1.68%, CORRESPONDING TO A RETURN OF 85 BASIS POINTS ABOVE 10-YEAR MIDSWAP RATE.OPERATION RECEIVED SUBSCRIPTIONS FOR ABOUT 2.2 BLN EUROs (MORE THAN FOUR TIMES OVERSUBSCRIBED).  Full Article

BRIEF-Spain's NH Hotels expects to beat 2018 EBITDA target of 260 mlns euros

* Says expects to beat original 2018 core profit (EBITDA) target of 260 million euros ($318 million)