Entrecanales signs Rosauro Varo for the IPO of Acciona's renewables subsidiary



Entrecanales will preside Acciona Energy with Rosauro Varo and five women on the council. The preliminary composition of the highest internal governance body of the renewable subsidiary will have eleven members, which leaves enough room to integrate the representatives of future investors.

This has been communicated by the company to the CNMV with a view to its next IPO. A public offering for sale (IPO), aimed at institutional investors, which will be carried out through the placement by its parent of ordinary shares of its subsidiary, which will be listed in the Madrid, Barcelona, ​​Bilbao and Valencia Stock Exchanges through the Continuous Market. The company expects to start trading this month.

«The announcement of the IPO of Acciona Energy it 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, "he said. Rafael Mateo, CEO of the subsidiary.

«We are proud of our role as pioneers of the renewable energy and we believe that the deep experience we have acquired in more than 30 years of operations, combined with a legacy of 100% clean power generation, underpin a solid record of value creation, "the executive added.

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