Acciona considers selling 8% stake in clean energy unit, Cinco Dias reports

Industry:    4 months ago

Spanish infrastructure group Acciona is considering selling an 8% stake in its clean energy unit Acciona Energia on the stock market six months after its initial public offering, Cinco Dias newspaper reported on Wednesday, citing unidentified financial sources.

The stake could be worth between 800 million euros ($909.04 million) and 1 billion euros, the newspaper said.

Acciona had sold a 15% stake in the energy unit on July 1 in an IPO, the largest such operation carried out in Spain in 2021, and had committed it would not sell more shares over the first six months, the newspaper said.

Acciona Energia’s market value was 9.74 billion euros on Tuesday, according to Refinitiv.

An Acciona spokesperson declined to comment.