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Acciona aims to value energy unit at up to $10 8 bln in IPO

Reuters 1/2 The logo of Spanish energy, construction and services conglomerate Acciona, is projected on a wall during company s annual shareholder meeting in Alcobendas, outside Madrid, May 10, 2016. REUTERS/Sergio Perez Read More June 28 (Reuters) - Spain s Acciona (ANA.MC) said on Monday it was targeting the lower end of an original price range for a listing which is set to value its renewable energy unit at up to 9.05 billion euros ($10.80 billion). Acciona decided to trim the price at which it will sell shares in its most profitable unit to 26.73-27.50 euros per share, from an initial range of 26.73-29.76 euros. Acciona Energia is due to start trading on the Madrid stock market on July 1, in one of the biggest listings in a record year so far in Europe. Order books close on June 29.

Acciona aims to value energy unit at up to $10 8 billion in IPO

Acciona aims to value energy unit at up to $10.8 billion in IPO Acciona aims to value energy unit at up to $10.8 billion in IPO (Reuters) – Spain’s Acciona said on Monday it was targeting the lower end of an original price range for a listing which is set to value its renewable energy unit at up to 9.05 billion euros ($10.80 billion). Acciona decided to trim the price at which it will sell shares in its most profitable unit to 26.73-27.50 euros per share, from an initial range of 26.73-29.76 euros. Acciona Energia is due to start trading on the Madrid stock market on July 1, in one of the biggest listings in a record year so far in Europe. Order books close on June 29.

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