Cox Energy, Alicante’s renewable energy company Enrique Riquelmeon the Spanish stock market this Monday. significant increase in its offer regarding the agreed starting price. Specifically, first title change reached 2.04 euros per share, 18.4% More than the 1.73 euros set as the reference price in the Market Establishment Document, this figure reached 2.07 euros at noon.
In this way, investors support the group’s strategy, it was last april Made with the assets of AbengoaIn the process of bankruptcy, where the Andalusian multinational company went bankrupt, but these assets are not part of the public domain, they belong to another company of the holding.
After the bell rang as usual to mark the start of listing on BME Growth, the market for companies growing on the Spanish Stock Exchange, Riquelme told them his presence on the Spanish stock market “consolidate and expand their position as a leader in the solar industry photovoltaic, as well as promoting transition to a more sustainable model“.
The businessman also emphasized that his involvement in BME Growth will make this possible. improve its liquidity, expand its shareholder baseas well as strengthening financial structure Supporting the growth and expansion of the company. He accompanied Riquelme in the campaign ring. Alberto ZardoyaIt is owned by Zardoya Otis, one of the firm’s historic shareholders.
“Dual listing”
IPO in Spain, the company also takes place through the “binary listing” system. Listed on BIVA since June 2020HE mexican stock marketlocation of its registered office.
Enrique Riquelme created the current Cox Energy in 2015 in Aztec country to group renewable energy projects After making a fortune as an aggregate supplier in its expansion, it has promoted it in different Latin American countries. Panama Canal. A country to which he migrated after the bursting of the real estate bubble in Spain.
As the businessman himself explained at a conference in Alicante a few days ago, the company has a portfolio of projects in excess of 6,000 million euros. Nearly 3.5 billion executions by 2026with the commissioning of about 5,000 megawatts in southern Europe and Latin America.
Cox Energy, with its launch today first Latin American company to trade in both this market and BME Growth.
The case appears for the first time only a few weeks after the Seville Commercial Case Court’s approval. award to the company of the production unit constituent Former subsidiaries of Abengoa, The Andalusian multinational company is in the bankruptcy process. Cox Energy won the tender by passing the bids of the construction company Urbas and Terramar, RCP and Ultramar.
The proposal submitted by Cox Energy is valued at 564 million euros and is for all commercial and corporate areas of Abengoa, which includes, inter alia, the development of turnkey engineering projects for infrastructure, energy, water or telecommunications construction. Within a few weeks of running the company, new executives expanded its workforce to approximately 1,700 employeesAccording to Riquelme mentioned at the same conference, the competition will exceed 11,200 after re-enabling several projects that were paralyzed until the resolution of the process.