In today’s briefing:
- Acciona Energía: EQT and Norges Enter the Final Stretch
Acciona Energía: EQT and Norges Enter the Final Stretch
- EQT Infrastructure and Norges Bank Investment Management have reportedly formed a consortium seeking 100% of ANE, while Ardian remains in the process.
- Selected bidders are meeting management and are expected to confirm prices by mid-October. Acciona reportedly aims to reach an agreement by year-end.
- At €20.52, ANE trades below our €21 no-transaction case, with 41.3% upside to our €29 fairness case and 55.9% to our €32 strategic case.
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