Cox will enter the stock market this Thursday, November 14 at a price of 10.23 euros per share, at the lowest of the range (it was between 10.23 and 11.38 euros). With this price, the company will begin operations at a market value of 175 million euros. After the release this Tuesday of Inmocemento, this is the third premiere of the year on the Continuous Market.
As Cox himself explains in the brochure published on November 5, these net revenues (which they expect to be around 189.6 million euros, once the amount of commissions and expenses are paid) acquired from PAHO will be used for two capital needs. On the one hand, their strategic projectswhich is equivalent to 42.37% of its energy production pipeline; and, on the other hand, the opportunities they identify in the water concessions and transport sector.
“However,” they point out in the prospectus, “we may not be able to finance our remaining capital requirements (53%) to complete the above uses and we may also not be able to complete the Remaining 57.63% of our power generation pipeline or securing our identified opportunities as planned or not at all.
