Spanish renewable energy firm Ecoener has announced plans to float on the country s stock exchanges.
It intends to conduct an offer for the subscription of its newly issued ordinary shares to qualified investors both in Spain and abroad.
The company will then apply to have its shares listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges and quoted on the Automated Quotation System (Sistema de Interconexión Bursátil or mercado continuo).
The offering and the admission to trading on the Spanish Stock Exchanges, as well as its definitive timetable, are subject to market conditions and to the approval of an EU admission prospectus by the Spanish Securities Market Commission.
Spanish renewables developer Ecoener plans IPO
Image: Ecoener Department of Communication
Spanish renewables firm Ecoener has become the latest Spanish renewables company to plan an Initial Public Offering (IPO).
Ecoener said in a statement today (7 April) it hopes to raise up to €200 million (US$237.6 million) in an IPO, and will be listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges.
The timings for the IPO and admission to the Spanish stock exchanges will be subject to approval from the Spanish Securities Market Commission.
Ecoener has brought online 141MW of installed renewables capacity across 17 projects, around 13% of which are solar PV. It also has 142MW under construction and a development pipeline of 1.5GW across 11 countries. The company said in a statement that any funds raised from the IPO would go towards driving “organic growth” by building out the project pipeline.
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Required fields Inscrita en el Registro Mercantil de Valencia, Tomo 9.341, Libro 6.623, Folio 104, Hoja: V-17.274. CIF: A-14010342 OTHER RELEVANT INFORMATION Pursuant to article 227 of the consolidated text of the Securities Market Act, approved by Legislative Royal Decree 4/2015 of 23 October 2015, it is hereby notified that the results presentation for the fourth quarter of 2020 will take place next Thursday, 28 January 2021, at 09:00 am CET (08:00 am London time). On that same date, before the presentation, the company will send the relevant financial information and the documentation that will be used in the presentation to the Spanish Securities Market Commission. The presentation may be viewed via video webcast through the Shareholders and Investors channel of the corporate website http://www.bankia.com/, where the recording will be available for at least one month. Click on the following link or scan the followi