Radar > 237597

Banco Santander could be one of the bidders to acquire Grupo T-Solar

Banco Santander sería uno de los candidatos para hacerse con Grupo T-Solar

Intel ID : 237597
Synopsis

Banco Santander (BME:SAN), a Spain-based financial institution, is said to have joined the bidding for Grupo T-Solar, a subsidiary of Isolux Corsán, through Cubico Sustainable Investments, a platform for investment in renewable energies, reported Expansión on 11 June, 2016, citing sources familiar with the sale process.

Additionally, CaixaBank (BME:CABK) may also be indirectly participating in the transaction with the entry in the bidding of Gas Natural Fenosa (BME:GAS) (see related intel), given the banking institution is its largest shareholder, with a 34% stake.
(content in spanish)

Banco Santander (BME: SAN) podría haber entrado en la puja por Grupo T-Solar, filial de Isolux Corsán, a través de Cubico Sustainable Investments, plataforma de inversión en renovables, según ha informado el diario Expansión el 11 de junio de 2016, basándose en fuentes inmersas en el proceso de venta.

Asimismo, CaixaBank (BME: CABK) también participaría de forma indirecta en la operación con la entrada en la puja de Gas Natural Fenosa (BME: GAS) (ver Intel relacionado), ya que la entidad bancaria es su mayor accionista al controlar el 34% del capital.

Bidder

Ultimate Owner (Buyer)

Target

Seller


Intel ID 237597
Value ND
Native Currency Euro (EUR)
Financial Data - Grupo T-Solar
(31 Dec 2020)
Revenue: EUR 152,77m
EBITDA: EUR 111,70m
Net Debt: EUR 2.388,39m
People: 29
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Energy and Renewable Energies / Electric
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Electric (Primary)
Energy and Renewable Energies / Oil and Gas
Energy and Renewable Energies / Solar
Primary Sector (TTRSC)
20.03.05 Electric Utilities
20 Energy & Utilities / 20.03 Power Generation & Electric Utilities

Secondary Sectors (TTRSC)
20.02.03 Natural Gas & Hydrogen Utilities
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

20.04.04 Hydro Power
20 Energy & Utilities / 20.04 Renewable Energy

20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

20.04.09 Wind Power
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Solar (Primary)
Primary Sector (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
10.01.02 Consulting & Professional Development Services
10 Business Services / 10.01 Business & Professional Support Services

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Construction (Materials and Machinery) (Primary)
Infrastructure / Roads and Highways
Energy and Renewable Energies / Solar
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

Secondary Sectors (TTRSC)
20.04.07 Renewable Energy Equipment
20 Energy & Utilities / 20.04 Renewable Energy

35.03.05 Homebuilders (Residential)
35 Industrials / 35.03 Construction & Engineering

35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

Country
Website
Description

Ultimate Owner (Buyer)

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.