DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Fondul Proprietatea - 2 Franklin Templeton - 2 Hidroelectrica - 2 Bogdan Nicolae Badea - 2 Lisa Jucca - 2 Bogdan Badea - 1 Sebastian Burduja - 1 Austria's Verbund - 1
Top related locs:
Romanian Bucharest Ukraine China BUCHAREST London Europe Romania
Top related orgs:
Thomson - 3 U.S - 2 Bucharest bourse - 1 EU - 1 Bucharest Stock Exchange - 1 Romanian Energy - 1 CAB Payments - 1 Bankers - 1

Search resuls for: "Verbund"


7 mentions found


☆ Romania's Hidroelectrica tops $10 billion valuation in 'historic' IPO
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +2 min
BUCHAREST, July 5 (Reuters) - Romanian energy producer Hidroelectrica's IPO has been priced at 104 lei ($22.87) per share, it said on Wednesday, implying a market capitalisation of $10.3 billion in what a government minister described as a "historic success." "We are happy to see the strong investor interest which has driven a successful outcome," said Chief Executive Bogdan Badea. The stock will start trading on July 12 on the Bucharest bourse. The government will retain its 80% holding in the country's largest energy producer, which has power capacity of 6.3 gigawatts from 182 hydroelectric plants. The performance of the shares once they start trading will be watched closely.
Persons: Bogdan Badea, Fondul Proprietatea, Franklin Templeton, Sebastian Burduja, Austria's Verbund, Luiza Ilie, Pablo Mayo, Alexandra Schwarz, David Goodman Organizations: Bucharest bourse, U.S, EU, Bucharest Stock Exchange, Romanian Energy, CAB Payments, Bankers, Vienna Stock Exchange, Pablo Mayo Cerqueiro, Thomson Locations: BUCHAREST, Romanian, Bucharest, London
☆ Europe's biggest IPO prudently tests the water
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 5 (Reuters Breakingviews) - Europe’s biggest listing this year is off to a cautious start. Hidroelectrica, Romania’s top hydropower producer, priced on Wednesday its initial public offering (IPO) at 104 lei ($22.87 per share, the middle of a proposed range, raising 1.8 billion euros. That values the whole utility at 46.8 billion lei, or 9.4 billion euros. And temperatures are expected to soar across large parts of the world, making hydropower plants more vulnerable to droughts. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Verbund, Hidroelectrica, Bogdan Nicolae Badea, Yawen Chen, Lisa Jucca, Pranav Kiran Organizations: Reuters, Union, Twitter, KKR, Thomson Locations: Bucharest, Romanian, Ukraine, China
☆ Hydropower IPO tests appetite for weather risks
  + stars: | 2023-06-28 | by ( Yawen Chen | ) www.reuters.com   time to read: +4 min
LONDON, June 28 (Reuters Breakingviews) - A jumbo hydropower listing may define how investors assess extreme weather risks. Over the last decade, hydropower has been the largest source of clean energy, International Energy Agency data shows. At the top of the range it would raise up to 2 billion euros and be Europe’s largest IPO so far this year. Alarmingly, Hidroelectrica’s gross hydropower generation fell about 15% last year from its annual average of 15.9 terawatt-hours in the decade to 2022. The IPO carries a price range of between 94 Romanian lei and 112 lei (18.95 euros and 22.58 euros) per share, giving the company a potential market capitalisation of 42.3 billion lei to 50.4 billion lei (8.53 billion euros to 10.16 billion euros), Hidroelectrica said in its prospectus.
Persons: Romania’s, Austria’s Verbund, Bogdan Nicolae Badea, Hidroelectrica, Fondul Proprietatea, Franklin Templeton, Lisa Jucca, Oliver Taslic Organizations: Reuters, International Energy Agency, World Bank, Alarmingly, Investors, U.S, Thomson Locations: Europe, Romania, Ukraine, Romanian, China, France
☆ Bank of America loves these 10 unloved global stocks with major upside
  + stars: | 2023-05-15 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Bank of America strategists have named the ten European stocks they believe are currently undervalued and could provide significant investment returns. These picks, which the investment bank refers to as the "Beat Factor Top 10," are primarily made up of industrial and financial companies. Bank of America analysts expect shares of Airbus to rise by 64% to 200 euros per share ($217) over the next 12 months. The "Beat Factor" is a measure Bank of America analysts use to identify the most divergent stock ideas on the FTSE Eurofirst 300. Despite the share price gains, Bank of America strategists remain bullish on the stock coming out of the earnings season.
☆ Austria announces windfall tax on energy companies
  + stars: | 2022-11-18 | by ( ) www.reuters.com   time to read: +2 min
Companies Omv Ag FollowVerbund AG FollowVIENNA, Nov 18 (Reuters) - Austria's government on Friday announced plans to introduce a windfall tax on energy companies that will be of up to 40% for oil and gas firms. The tax will apply retroactively from July 1 of this year until the end of next year, it added. The threshold can be increased to 180 euros if those companies invest in renewables, the statement said. Kogler said the tax rate then would be 90%. That tax will apply from Dec. 1 of this year until the end of 2023, the statement said.
☆ European shares bounce as battered miners rise, ECB loan repayments eyed
  + stars: | 2022-11-18 | by ( Shreyashi Sanyal | ) www.reuters.com   time to read: +2 min
The pan-European STOXX 600 index (.STOXX) rose 0.9%, with basic resources stocks (.SXPP) up 1.2% after falling more than 3% in the last two sessions. The European Central Bank gears up to start the biggest withdrawal of cash from the euro zone's banking system in its history, with banks expected to repay about 500 bln euros in TLTRO loans. The STOXX 600 has gained about 4.9% so far this month, driven by better-than-feared earnings and expectations of smaller rate increases by the Fed. Among individual stocks, Austrian hydropower producer Verbund (VERB.VI) jumped 8.2% to top the STOXX 600, while energy and environmental services provider EVN (EVNV.VI) gained 5.2%. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
☆ Factbox: Energy crisis revives coal demand and production
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +6 min
France - The Emile Huchet coal power plant restarted in early October, only six months after it closed, according to local media. Netherlands - Dutch energy minister Rob Jetten said in June the Netherlands will remove a production cap at coal-fired energy plants to preserve gas. In June, it said it plans to "increase thermal coal production from existing mines this year maximum by 1.5 million tonnes". Spain - The ministry for the ecological transition requested in May the delay of Endesa's As Pontes coal power station closure. (** Note that Ukraine's government has stopped releasing coal production data since the start of the war).
0 next >>
Total: 7