Cox accelerates its IPO. The company states that it has received binding commitments from qualified investors such as AMEA Power, Cunext Corporation, Alberto Zardoya (a shareholder of Cox since its creation) and its own president, Enrique Riquelmewhich represent approximately 30% of the initial public offering of its ordinary shares, amounting to 270 million euros (excluding over-allotment option). In addition, Attijariwafa bank and other financial investors have also confirmed their participation in the offering, says Cox, which last week confirmed its intention to go public.
The company explains that the operation is subject to the final approval of the Admission brochure quote on the part of CNMV and in the case of Attijariwafa bank, compliance with applicable regulations and internal processes, as well as Moroccan legislation.
The offering, Cox explains, will consist of a initial offering of newly issued shares by the company, with the aim of raising funds for an approximate amount of up to 270 million euros (excluding over-allotment option). This will be done at qualified investorsincluding a placement in the United States to qualified institutional buyers under Rule 144A.
Investors
AMEA Energy is one of the largest and fastest growing renewable energy companies in the Middle East, Africa and Asia, with a renewable energy pipeline of over 6 GW in more than 20 countries.
Attijariwafa bank It is the leading financial group in Morocco. It is part of the Al Mada Group, one of the largest venture capital funds in Africa, which invests in capital-intensive sectors such as banking, insurance, retail, mining , construction, energy, telecommunications, real estate and tourism, among others.
Cunext Corporation is one of the most important industrial groups in Spain and a leading supplier of processed copper and aluminum products in southern Europe and northwest Africa.
Alberto Zardoya He is a founding partner of Zardoya Otis and a shareholder of Cox since its inception.
Enrique Riquelme He is the founder of Cox and the company’s largest shareholder. “Through the investment she communicates, she confirms her confidence and commitment to the company in the long term, as well as her maximum commitment to the company’s growth plan,” they say from Cox.
