ACCIONA, S.A. AND SUBSIDIARIES (Consolidated Group ...

24 February 2011: agreement to sell 15% of the shares of ACCIONA
Termosolar to Mitsubishi
- On 24 February 2011, ACCIONA Energía, S.A. and Mitsubishi Corporation
(through its subsidiary Diamond Solar Europe, Ltd.) entered into an
agreement for the transfer of 15% of the share capital of ACCIONA
Termosolar, S.L., a subsidiary in the Energy division of ACCIONA, with the
option of increasing the interest sold by an additional 2%. The transaction
amounted to EUR 45.8 million (EUR 38.1 million relating to the price paid
for the 15% ownership interest and EUR 7.7 million relating to a shareholder
loan). As part of the transaction, ACCIONA Termosolar arranged a loan of
EUR 300 million from Mizuho Corporate Bank Nederland, Bank of Tokyo
Mitsubishi, Development Bank of Japan and Mitsubishi Corporation.
28 February 2011: Annual Corporate Governance Report
- On 28 February 2011, the Company submitted its Annual Corporate
Governance Report for 2010 to the Spanish National Securities Market
Commission (CNMV).
28 February 2011: resolutions of the Board of Directors
- On 24 February 2011, the Board of Directors of ACCIONA adopted, inter
alia, the following resolutions:
o To authorise for issue ACCIONA’s separate and consolidated
financial statements and directors’ report for 2010.
o To propose to the shareholders at the Annual General Meeting that a
dividend of EUR 2.03 per share be paid out of the profit for 2010, in
addition to the interim dividend of EUR 1.07 per share declared on
13 January 2011 and paid on 21 January 2011.
24 March 2011: absorption of GESA by ACCIONA
- On 24 March 2011, the Board of Directors of ACCIONA resolved to approve
the plan for the merger by absorption of Grupo Entrecanales, S.A. (GESA),
Servicios Urbanos Integrales, S.A. (SEUINSA), Tivafén, S.A. (TIVAFÉN)
and Ósmosis Internacional, S.A. (OSMOSIS) into ACCIONA, with the
dissolution without liquidation of the absorbed companies and the transfer en
bloc of all their assets and liabilities to the absorbing company, which would
acquire, by universal succession, the rights and obligations of the absorbed
companies.
7 April 2011: refinancing of the bridge loan
- On 7 April 2011, ACCIONA arranged a syndicated project finance loan of
EUR 1,421.2 million. The remaining amount up to the original amount of
EUR 1,575 million was repaid with the cash flow generated in 2009/2011 by
the assets acquired. This transaction was carried out to refinance at long
term, with maturity in March 2029 (18 years), the bridge loan that the
ACCIONA Group arranged in June 2009 in order to acquire wind and hydro
assets with an installed capacity of 2,084 MW from Endesa.
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