Initiatives we support ACCIONA.org foundation Innovation Job offers Safety and health Graduates and Internships Opportunities and inclusion Wind power Photovoltaic Thermal Solar CSP Biomass Hydroelectric Offshore wind Storage Renewable energy supply Green hydrogen Energy efficiency Electric mobility Self consumption Integrated annual report Annual accounts Results, reports and presentations Average period of payment to suppliers Rating Share price Dividends Analysts’ recommendations Investor calendar Sustainable finance General Shareholders' Meeting Board of Directors and Committees Management team Share capital Annual Corporate Governance Report Director remuneration Rules of Governance Ethics and Compliance Fixed income CNMV communications Framework agreement
08 OCT 2018
  • Blackstone will pay 14.3267 euros per share

ACCIONA has reached an agreement to sell its entire stake in Testa Residencial (20%) to Blackstone. The transaction is valued at €379 million, representing a value per share of €14.3267.

The transaction will be closed once Blackstone has received the necessary authorization from Spain’s competition authorities to take over at least 50.01% of Testa’s capital.

In July 2017, ACCIONA reached an agreement to integrate its residential rental portfolio within Testa with the aim of maximizing the profitability of its assets.