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Repsol sells its LPG business in Brazil for 20 million

Published on Oct. 21, 2011

 
Read Repsol sells its LPG business in Brazil for 20 million

Repsol has sold its distribution subsidiary of liquefied petroleum gas (LPG) to the Brazilian company Ultragaz for 20 million euro. 

Repsol Gas Brazil will fall into the hands of Brazil's LPG industry leader, a subsidiary of Brazilian company Ultrapar, in an operation that is part of its "strategy of divesting non-integrated downstream assets in Latin America."
 
Repsol's subsidiary sold 22.000 tons of product to 2.400 customers during 2010. Most are industrial customers in the regions of Sao Paulo and Rio de Janeiro.
 
The oil company explained that the divestment of non-strategic downstream assets in Brazil "ends" with this sale. Repsol "will designate all its investment efforts in the country" in exploration and production activities of Repsol Sinopec Brazil.

Iberdrola issues bonds for 600 million euro

Published on Oct. 17, 2011

 
Read Iberdrola issues bonds for 600 million euro

Iberdrola has placed a €600 million issue of 4-year eurobonds maturing in January 2016. With this issue, the company reopens the private debt market with this bond issue. Its strong international presence and improving conditions after the extreme volatility that emerged during the summer have facilitated the operation.

The issue has been placed between 300 investors of more than 15 countries and has had strong demand, equivalent to 4.500 million euro. Of the total takeup, 85% was from abroad.
 

Coupon was set at 4.75%, in line with all Group bond issues over the past two years which have been below 5%. Lead arrangers were BBVA, Deutsche Bank, Goldman Sachs International, ING Bank NV, Merrill Lynch International and Mizuho ...

Solaria signs strategic agreement to expand activity in Asia

Published on Sept. 29, 2011

 
Read Solaria signs strategic agreement to expand activity in Asia

Solaria Energía y Medio Ambiente, S.A., the only solar company listed in the Spanish Stock Exchange, has signed up an agreement with the chinese company Dongfang Electric Corporation (DEC). Through this agreement both companies establish the baselines for commercial cooperation and development in Asia. Also, Solaria obtained a purchasing Cerdit Line of USD 30 million from DEC to purchase solar cells and other turnkey projects components. In addition, both companies, DEC and Solaria, will co-invest worldwide with a target pipeline of 100 MW per year.

This agreement shows the commitment of the company for the internationalization of its services and products. The entry into the chinese market, one of the current strategic core growth markets,  is a very ...

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