Cox Energy acquires Abengoa`s productive unit

ARCANO has acted as exclusive financial advisor to Cox Energy on the acquisition of all of Abengoa's business areas, avoiding its liquidation. Thus, the transaction:

- Guarantees the continuity of Abengoa, maintaining its +9,500 employees

- Provides the Company with a workload of €3.2bn for the next 3 years with guaranteed profitability

- The judge highlighted the economic solvency demonstrated by Cox Energy in its offer

Company
Abengoa
Transaction
Sector
Activity
Energy & Infra
Date
Country
Spain

Cox Energy is a vertically integrated renewable energy industrial company that +60 develops, finances, operates and commercializes renewable energy. Its main business lines are: promotion of solar parks, distributed generation, commercialization, strategic investments and divestments in renewable energies, as well as an R&D area for batteries and green hydrogen. Cox Energy currently has a portfolio of projects in 10 countries in Europe, North America, Colombia, Central America and the Caribbean.

Abengoa is an international company founded in 1941 that provides innovative 9.505 technology solutions for sustainable development in the infrastructure, energy and water sectors, with a presence in Europe, Latin America and the Middle East. The transaction with Cox Energy will enable the creation of a leading group, while maintaining full employment and Abengoa's headquarters in Seville.