MADRID | By Julia Pastor | Abengoa’s strategy for 2013 included the creation of a company holding concessional assets to go public in the U.S. market. The first step came on Monday when the Spanish firm submitted a draft registration statement to SEC for a yield company. So-called yieldcos in Wall Street’ jargon are financial vehicles that hold assets generating stable and predictable cash flow. The price of the operation remains unknown but its goal would be to raise about $1 billion for the company to continue reducing debt. The Seville-based company specialised in technology solutions for energy and environment sectors is listed in Nasdaq since October 2013.
MADRID | By Jaime Santisteban | Relax: Ukraine’s crisis will not spark gas shortages; Abengoa’s yieldco IPO could amount $1bn at Nasdaq.; renewable energies achieve new historic maximum of 59% of overall production and much more…
MADRID | The Abengoa-Triton deal values Befesa at an enterprise value of €1,075 million.
SEVILLE | Abengoa’s project is a 440 megawatt (MW) combined cycle power generation plant that will supply half the population of Portland, Oregon.
SEVILLE | Abengoa enters into an exclusivity agreement with Triton Partners for the sale of 100% of Befesa for €1,075 million.
Abengoa has acquired a majority stake in South Korean company Hankook R&M with the option of raising its ownership rate to 100 percent. South Korea is the world’s fourth larger producer of steel dust.