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Ardian, EQT and Norges withdraw bids for Acciona Energía, leaving the €10 billion sale without buyers

FinanceInternationalEl Confidencial40 s readAI summary
Image: El Confidencial

Ardian, EQT and Norges Bank, the three finalist funds in the auction for 100% of Acciona Energía, have decided not to continue with their binding bids, according to sources close to the deal. The high price demanded by the sellers and the difficulty of raising €10 billion in financing explain the withdrawal. The Entrecanales family, which owns 80% through Acciona, is left without buyers for its renewables business and is weighing alliances with other companies in the sector or with the funds themselves.

In 40 seconds

  • Ardian, EQT and Norges Bank, the auction finalists, are dropping their binding bids for 100% of Acciona Energía.
  • The price demanded by the sellers and the difficulty of financing €10 billion held back the bids.
  • The Entrecanales family, which owns 80% via Acciona, expected to raise about €8 billion to cut the group's debt.
Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

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