Quantcast

Latest Unión Fenosa Stories

2011-05-20 02:34:00

LONDON, May 20, 2011 /PRNewswire/ -- Actis, the pan-emerging markets private equity investor, has reached an agreement with GAS NATURAL FENOSA, a leading multinational in the gas and electricity sector, to acquire a group of companies dedicated to the transportation and supply of electricity to 1.4m customers in Guatemala in a transaction worth US$345m plus assumed debt. The core of the business lies in its two electricity distribution and supply companies, DEOCSA and DEORSA;...

2010-12-02 22:12:00

NEW YORK, Dec. 2, 2010 /PRNewswire/ -- CNOOC Limited, a leading Chinese oil and gas exploration and production company, took top international billing at tonight's 12th annual Platts Global Energy Awards, the industry's most recognized awards program, winning both the sought-after Energy Company of the Year honors and the Energy Producer of the Year award. Nearly 600 energy industry executives from 18 countries walked the red carpet into Cipriani Wall Street, the site of the 2010...

2008-10-10 09:00:45

The Federal Competition Commission of Mexico has authorized Gas Natural to acquire the combined-cycle power plants operated by Union Fenosa in Mexico, as part of Gas Natural's purchase of 100% of the Spanish electricity company. The acquisition will enable the new group to generate 3,724MW of rated output. Gas Natural currently has 2,233MW in combined-cycle plants following the acquisition of five power plants from EDF in 2007. Union Fenosa has 1,491MW of rated output in combined-cycle...

2008-08-15 06:00:35

Gas Natural has signed an agreement with Swiss financial services company UBS for the future acquisition of 47.07 million Union Fenosa shares, corresponding to 5.15% of the voting rights. The operation, which is structured via an equity swap, will allow the Spanish gas company to finalize it either through a cash settlement or through the delivery of shares in a physical settlement, this latter option being subject to obtaining the necessary authorizations. The agreement establishes a...

2008-08-07 06:00:40

By Marie Maitre If Electricite de France fails to persuade British Energy shareholders to accept its bid, EDF will not be short of options or cash to build on its global nuclear leadership and develop such new businesses as natural gas. EDF was set last Friday to announce an all-cash offer of pound(s)12 billion, or $23.4 billion, for British Energy after months of talks and securing approval from the British government, which owns 35 percent of the company, a British nuclear power plant...

2008-08-05 03:00:42

Gas Natural has signed an agreement with Spanish construction conglomerate ACS to acquire its 45.3% stake in public utility Union Fenosa at a price of E18.33 per share in cash. The transaction is expected to result in synergies of around E300 million. The agreement values 100% of the capital of Union Fenosa at E16.75 billion, and implies a premium of 15% over the closing price on July 29, 2008, and a 29.4% premium over the average price of Union Fenosa in the last 12 months. According to...

2008-07-30 09:01:19

Gas Natural has stated that it is negotiating with the Spanish construction company Actividades de Construccion y Servicios over the prospective acquisition of the latter's 45% majority stake in electricity utility Union Fenosa, reported Dow Jones. The news source reported that Gas Natural and Actividades de Construccion y Servicios (ACS) have not yet come to a mutual agreement over the transaction. ACS also owns around 13% of Spanish energy major Iberdrola, and the divestment of its 45%...

2008-07-25 12:01:14

By Judy MacInnes Is the third time the charm for Gas Natural? The natural gas company, based in Barcelona, said in a regulatory filing Thursday that it was competing to buy a controlling stake in a rival utility, Union Fenosa, based in Madrid, its third attempt to acquire another Spanish energy company. If successful, the move could lead to the creation of a domestic energy champion and head off would-be foreign acquirers. That is something likely to please the administration of the...

2008-06-19 06:00:31

Spanish renewable energy company Enel Union Fenosa Renovables has inaugurated a 30MW wind farm in Lugo, in the northwestern region of Galicia, Spain. The total investment in the project is E42.5 million. Enel Union Fenosa Renovables (Eufer) noted that this facility is expected to meet the energy demand of around 10,000 inhabitants in Galicia and is expected to save around 70,000 tonnes of CO2 emissions annually. The Lugo wind farm has 13 wind turbines, each rated at 2.3MW. Construction of...

2008-06-16 09:01:06

Spanish IT services company Indra, has been selected by Union Fenosa Gas to implement a new model of the information systems that will support the management of the gas company's business lifecycle at both national and international levels. The contract amounts to more than E2 million and is expected to be concluded in a year. The systems map designed by Indra, incorporates the latest available technologies so that the different departments of the company may have access and share the...


Word of the Day
ramage
  • Boughs or branches.
  • Warbling of birds in trees.
Related