un blog de Acciona · http://www.acciona.es/accionistas-e-inversores
Bienvenido al grupo de Relación con Inversores de ACCIONA en Unience. A través de este canal queremos llegar a un mayor número de inversores. Desde aquí destacaremos aquella información relevante, e intentaremos responder vuestras preguntas.
We are very pleased to announce this milestone transaction for ACCIONA, which demonstrates the successful transformation carried out by AWP over the last years. The resulting valuation is almost three times above market consensus, reduces ACCIONA´s risk and in exchange we get almost a 30% stake in a listed group, while allowing us to lead the consolidation of the wind turbine sector.
The agreement between ACCIONA and Nordex (Nx) envisages a double transaction:
Nx acquires ACCIONA Windpower (AWP) for €785m: €366m in cash and €419m in new Nx shares, accounting for a 16.6% stake of the combined company
ACCIONA will acquire 13.3% of additional existing Nordex shares, valued at €335m, from SKion-Momentum, an investment vehicle of the Quandt family
As a result of both operations, ACCIONA will become Nordex´s strategic anchor shareholder with a share of 29.9%.
Positive aspects of the transaction:
In combining their activities, AWP and Nx will create value and reduce future market risk
Creates a world leader in the wind industry, with the ability and potential to be rank amongst the five largest onshore wind turbine manufacturers in the world
Complementarity by scale, geography and product
Creation of synergies valued in €95m per year from 2019
ACCIONA crystalizes value of AWP
On Monday October 5th, ACCIONA’s management team hosted a conference call to announce the details of the agreement. The recorded webcast is available below: