European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

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Event-Driven

 ACCIONA Energias Renovabl / Event-Driven

<ul>
<li>EQT Infrastructure and Norges Bank Investment Management have reportedly formed a consortium seeking 100% of ANE, while Ardian remains in the process.</li>
<li>Selected bidders are meeting management and are expected to confirm prices by mid-October. Acciona reportedly aims to reach an agreement by year-end.</li>
<li>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.</li>
</ul>


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.


Acciona Energía: EQT and Norges Enter the Final Stretch