• ACCIONA announced today the appointment of Citi, JP Morgan, Goldman Sachs y Morgan Stanley, together with Bestinver Securities, as documentation banks for the Initial Public Offering (IPO) of its subsidiary, ACCIONA Energy.


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.


The pool of financial institutions will coordinate the process and the development of the materials necessary for a successful IPO.

These banks have led over 60% of all European IPOs in the last five years with a total volume issued well in excess of €100 billion combined. They have also played a leading role in equity capital markets transactions in the renewable energy space with a combined deal volume issued of €18 billion.

In addition, STJ Advisors and AZ Capital will act as independent advisors.

The law firms Uría y Menéndez and Davis Polk & Wardwell are the issuer's legal advisors. Linklaters will act as counsel to the banking syndicate.

ACCIONA announced in February its intention to IPO its energy business during the first half of this year for placement in the Spanish market. The company's General Shareholders' Meeting, in extraordinary session, authorized Monday the sale of shares of Corporación ACCIONA Energías Renovables (ACCIONA Energía), with the intention to float.

The perimeter of the new company will include ACCIONA’s entire Energy business, excluding its stake in wind turbine manufacturer Nordex. The size and structure of the placement is yet to be decided, but the free float will be at least 25% of the capital of the new listed company. The intention of ACCIONA's Board of Directors is to maintain a stake of around 70% of ACCIONA Energy.


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. (the “Company”) in such jurisdictions where such offer or sale would be unlawful. Investors should not subscribe for or 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 to be registered with, and approved by, the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores, the “CNMV”), that is to be available at the Company’s registered offices and published on the websites of the Company and the CNMV in due course in connection with the proposed initial public offering of ordinary shares (the “Shares”) of the Company (the “Offering”).

The issue and/or sale of the Shares in the Offering are 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.