Cox EnergyThe firm of Enrique Riquelme from Alicante will be showcased at the fair. BME Growth In the next few days, after the regulator of the Spanish Stock Exchange agreed to trade for expanding companies Market Establishment Certificatepending procedure. In this way, the company Newly acquired assets of multinational Abengoa in Andalusiawill be also to be listed on the Mexican market for the first time –As of July 2020, your shares can be freely traded in BIVA- and Spanish.
As reported by BME Growth, the Market Coordination and Integration Committee meets all requirements It is expected to hit the market next week as it is required for inclusion on the Madrid stock exchange.
In this sense, the board of directors of the company is required to start the contracting of the shares. 1.73 Euros per title, based on assessment by an independent expert as determined in the procedure. This means approximating the renewable energy company as a whole. 285 million euros
The company’s registered advisor is Singular Bank, and the selected liquidity provider is Gestión de Patrimonios Mobiliarios.
visibility
Enrique Riquelme, chairman of Cox Energy, underlines “the Spanish stock market listing” in a statement to INFORMATION. It will enable us to reach more investors.will increase visibility your action and return for our shareholders“. In this sense, Cox Energy has the necessary structure to operate very actively in Mexico and Spain,” he adds.
entrepreneur created the current Cox Energy in Mexico in 2015 to group renewable energy projects After making a fortune as an aggregate supplier, it promoted it in different Latin American countries. Panama Canal expansion project. A country to which he migrated after the bursting of the real estate bubble in Spain.
Currently, the company has a portfolio 56 projects photovoltaic plants at different stages of development reaching rated power 4,321 megawatts, according to documents submitted by the firm itself to the market regulator. 27 of them have a total of 1,620 megawatts. Latin Americain countries like Chile, Colombia or Mexicoand 29 more with 1,901 megawatts Spain. In addition, the company has identified investment opportunities for a total of 800 megawatts.
Cox Energy was listed on the Mexican Stock Exchange (BIVA) on July 8, 2020, and has already announced its intention to debut on the Spanish market in October 2021. With this step, it will be the first Latin American company to trade in that market and BME Growth simultaneously.
The debut came just a few weeks after the Seville Commercial Court’s decision. approved the award to the signature of the producing unit forming its former subsidiaries abengoa, in the bankruptcy process of the Andalusian multinational company. Cox Energy won the tender by passing the bids of the construction company Urbas and Terramar, RCP and Ultramar.
Offer by Cox Energy worth 564 million euros and all business areas and institutionalization of Abengoa, which includes, among others, the development of turnkey engineering projects for infrastructure, energy, water or telecommunications construction. The court particularly valued the company’s multiple protection commitments. 9,500 jobs and the contribution of a workload that the company estimates at 3,200 million euros for the next three years. In any case, Abengoa companies will not form part of the consolidation environment from those listed
Cox Energy will be the fifth company to join BME Growth this year.