- The company started trading with an initial market capitalization of €8.8 billion
These materials are not an offer for sale of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be sold in the United States absent registration or an exemption from registration under the Securities Act.
ACCIONA Energía, a leading global company in the generation of 100% renewable energy, announces today its shares have begun trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges under the ticker symbol "ANE".
The company started trading with an initial market capitalization of €8.8 billion, in an offer that has been 2.4 times oversubscribed, demonstrating the strong demand to invest in a pure-play renewable energy operator with a proven track record.
The successful IPO will advance ACCIONA Energía’s mission to strengthen its position as a world-leading clean energy major with the capacity to accelerate the global energy transition. With its 30-year history, zero-carbon legacy, proven track record, strong organizational capabilities and global footprint, ACCIONA Energía is perfectly placed to capitalize on the secular growth opportunities represented by the transition to a global zero-carbon energy system.
The IPO will materially reduce the company’s cost of capital, allowing it to unlock its significant growth potential and deliver attractive returns for the ACCIONA Energía's new shareholders through a disciplined selection of projects with the right risk-return profile, backed by a strong business plan.
Following the IPO, the company will be focused on implementing its clear and deliverable plan to generate shareholder value. The company has a firm intention to double its installed generating capacity to 20GW by 2025 and is positioned to grow in new technologies such as green hydrogen and energy storage. As a standalone publicly listed business, ACCIONA Energía remains committed to best-in-class sustainable, social and corporate governance practices.
José Manuel Entrecanales, Chairman of ACCIONA Energía said: "The listing of ACCIONA Energía marks a very important step in our growth story and will allow us to deliver on our ambition to be a leading enabler of the global green energy transition. The positive market reception the IPO has received underlines how we are perfectly placed to capitalize on the secular growth opportunities in the global clean energy sector over the coming years."
This announcement is neither a prospectus nor a prospectus equivalent document nor an offer to sell or a solicitation of any offer to buy any securities of Corporación Acciona Energías Renovables, S.A.U. (the “Company”) in such jurisdictions where such offer or sale would be unlawful. Investors should not purchase, sell or otherwise dispose of any securities referred to in this document except on the basis of information in, or incorporated by reference to, the prospectus registered with, and approved by, the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores, the “CNMV”), that is available at the Company’s registered offices and published on the websites of the Company and the CNMV in connection with the initial public offering of ordinary shares (the “Shares”) of the Company (the “Offering”).
The sale of the Shares in the Offering is subject to specific legal and regulatory restrictions in certain jurisdictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions.
The Company has not authorized any offer to the public of securities in the United Kingdom or in any Member State of the European Economic Area.
In any Member State of the European Economic Area, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market.
In the United Kingdom, this communication is only being distributed to, and is only directed at, and any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, “qualified investors” (as defined in section 86(7) of the Financial Services and Markets Act 2000) (i) who are persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”); or (ii) who are high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Persons in the United Kingdom who are not relevant persons should not take any action on the basis of this communication and should not act or rely on it.
Any securities referred to herein have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.