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Iren SpA (IREE.MI)

IREE.MI on Milan Stock Exchange

2.58EUR
11:49am GMT
Change (% chg)

€-0.02 (-0.77%)
Prev Close
€2.60
Open
€2.60
Day's High
€2.60
Day's Low
€2.56
Volume
442,349
Avg. Vol
2,311,537
52-wk High
€2.65
52-wk Low
€1.44

Latest Key Developments (Source: Significant Developments)

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
Monday, 13 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​
Monday, 13 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

Iren to issue notes under EUR 2.00 bln Euro Medium Term Note Programme
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - IREN SPA ::‍IT INTENDS TO ISSUE SERIES OF NEW EURO-DENOMINATED FIXED RATE NOTES UNDER ITS EUR 2,000,000,000 EURO MEDIUM TERM NOTE PROGRAMME.PROPOSES TO ACCEPT FOR PURCHASE PURSUANT TO THE OFFERS UP TO EUR 150 MILLION IN AGGREGATE NOMINAL AMOUNT OF THE NOTES‍​.  Full Article

Iren to take part in tender for acquisition of Acam
Monday, 22 May 2017 

May 22 (Reuters) - IREN SPA ::PRESENTS AN OFFER TO TAKE PART TO THE PROCEDURE LAUNCHED BY ACAM SPA TO CHOOSE AN ECONOMIC OPERATOR TO CARRY OUT THE CORPORATE AND INDUSTRIAL AGGREGATION OF ACAM.  Full Article

Iren to consolidate Salerno Energia Vendite after acquiring a further stake
Tuesday, 25 Oct 2016 

Iren SpA : Continues with the rationalization of its corporate structure that will lead to acquisition of a further stake in Salerno Energia Vendite SpA and its full consolidation . The consolidation will take place via the incorporation of GEA Commerciale into Salerno Energia Vendite . GEA Commerciale is a wholly-owned unit of Iren Mercato and the current owner of a 39.4 percent stake in Salerno Energia Vendite . After the incorporation of GEA Commerciale, Iren Mercato will own a 50 percent in Salerno Energia Vendite, allowing Iren to fully consolidate it .The acquired and acquiring companies are both active in the natural gas sales sector.  Full Article

Iren buys 25.5 pct of company managing urban waste treatment plants in La Spezia province
Thursday, 29 Sep 2016 

Iren SpA : Iren and Ladurner have been awarded the acquisition of 51 percent of the company managing urban waste treatment plants in La Spezia province . Company managing urban waste treatment plants serving province of La Spezia and part of Tigullio area will be operating starting from Oct. 1 . 51 percent of its share capital will be equally split (25.5 percent each) between Iren Ambiente and Ladurner .Cash-out for Iren Ambiente will be about 3.6 million euros ($4.03 million).  Full Article

Italy - Factors to watch on Nov. 20

The following factors could affect Italian markets on Monday.