Abengoa completes at increased €450m size
Abengoa, a Spanish-listed renewables engineering firm, completed a €450m capital raise on Wednesday night that will give the firm a listing in the US. The deal was increased in size after strong demand from investors.
Abengoa raised €450m from the sale of 250m shares, at €1.80 each. That was a 10.9% discount to Wednesday's €2.02 close, and a 10% discount to the €2.00 close on October 7, when the deal was launched.
The deal will fund Abengoa's turnaround strategy, as well as giving it
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