The Spanish Securities and Exchange Commission has approved the registration document for the initial public offering (IPO) of Acciona Energia.
The IPO, aimed at qualified investors, will be carried out through the placement by Acciona of ordinary shares of its Acciona Energia subsidiary.
Acciona Energia, which will be listed under the ANE ticker symbol, will apply for admission to negotiation on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges for trading through the Automated Quotation System.
Acciona Energia chief executive Rafael Mateo said: “The announcement of Acciona Energia’s IPO is an important milestone in our mission to build a world-leading renewable energy company and to play a central role in the global energy transition.
“We are proud of our role as renewable pioneers and believe that the extensive experience we have gained in more than 30 years of operations, combined with a legacy of 100% clean energy generation, underpins a strong track record of value creation.
“As an independent company, Acciona Energia is committed to the best corporate governance standards and to enhancing our global leadership position in sustainability, one of our key competitive advantages.
“The global energy transition represents a long-term growth opportunity. This IPO will further strengthen Acciona Energia’s strategic position.”
Acciona Energia will have an 11-member Board of Directors, including seven independent directors.
It added that 45% of the board members will be women.