By Reuters Staff
2 Min Read
MADRID, April 30 (Reuters) - Spanish green energy group Ecoener said on Friday demand had been limited for its initial public offering and said it had agreed to sell its shares at the low end of a targeted range.
In the first test of investor appetite for fresh shares in Madrid this year and a precursor to larger anticipated deals, Ecoener raised just under 100 million euros ($121 million).
The company’s original plan had been to raise as much as 200 million euros to spend on new facilities including wind farms and solar parks, but it decided to slash that on Wednesday.