Abengoa sees future beyond Spain

Abengoa recently switched on its 280MW Solana project

Abengoa recently switched on its 280MW Solana project

Abengoa, the Spanish concentrated solar power (CSP) specialist, sees itself delisting from the Madrid Stock Exchange in the next few years as it pivots its geographic focus away from its home market.

In the wake of Abengoa’s €450m ($616m) share listing last week on New York’s Nasdaq exchange, chief executive Manuel Sanchez Ortega has stated that the company “no longer [has] a home country”.

Seville-based Abengoa, a significant player in a number of energy and environmental sectors around the globe, launched its initial public offering in Madrid in 1996.

Abengoa’s American Depositary Receipts were issued onto on the Nasdaq late last week under the ticker symbol “ABGB”, and rose nearly 6% during the first three days of trading. The money raised will be used to Log in to read complete article.

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