|Bid||26.94 x N/A|
|Ask||28.14 x N/A|
|Day's range||27.32 - 27.54|
|52-week range||24.11 - 28.80|
|Beta (5Y monthly)||0.80|
|PE ratio (TTM)||12.35|
|Forward dividend & yield||1.70 (6.46%)|
|Ex-dividend date||03 Aug 2023|
|1y target est||N/A|
Australian fund IFM Investors is looking at businesses in the Spanish renewables and telecom industries as it seeks to expand its presence in the country, its top managers said on Monday. The fund has already invested around 8 billion euros ($8.4 billion) in Spain, including a 14.5% stake in power utility Naturgy, its flagship investment in the country. "Our teams analyse all the infrastructure assets in the world in search of investment opportunities, and Spain will receive investments from IFM," Chief Executive David Neal told reporters.
The new owners of steel maker Celsa, Spain's largest private industrial group, said on Wednesday they will appoint former Gas Natural Fenosa CEO Rafael Villaseca as chairman of its board of directors. On Monday, a local court in Barcelona approved a multibillion-euro restructuring plan presented by Celsa's creditors, handing over control of the firm to a group that includes Deutsche Bank, Attestor, Anchorage, GoldenTree and SVP. Celsa's restructuring is the first major test of Spain's new insolvency law that allows debtors to make use of pre-insolvency mechanisms early and benefit from court protection.
Spanish power utility Naturgy reported on Monday an 88% jump in profit for the first six months of the year, boosted by strong earnings at its liquefied natural gas (LNG) business, which could help it to win over restive investors. Pleasing them has become a focus as Naturgy considers changes that could reshape the company and after arguments over the potential appointment of a chief executive. Renta 4 Banco analyst Angel Perez Llamazares said Naturgy performed better than expected, adding "cash flows also beat our expectation," and debt fell more than expected.