Acciona Hires Bank to Evaluate Energy Business Options
Acciona has hired a bank to review options for its energy business. CEO Jose Manuel Entrecanales stated that potential paths include a merger or delisting.
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The Spain based conglomerate Acciona, S.A. has officially engaged a financial institution to evaluate strategic alternatives for its renewable energy division. Chief Executive Jose Manuel Entrecanales confirmed the move on Friday, noting that the group is exploring various paths for its subsidiary, Corporación Acciona Energías Renovables, S.A., in which the parent company maintains a stake exceeding 90%.
