Zero-E extends IPO process as seller explores dual track

By Sam Kerr
22 Oct 2019

The IPO of Zero–E, a Spanish renewable energy firm, has been delayed until next year, as ACS, the company’s parent, explores M&A options, say sources close to the deal.

Zero–E is a renewables subsidiary holding the wind, solar and thermal assets of Actividades de Construcción y Servicios (ACS Group), the Spanish building and services firm run by business magnate, and Real Madrid owner, Florentino Perez.

Sources close to the deal were hoping the IPO would be popular, ...

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