Hamburg – Spanish industrial and infrastructure company Acciona S.A. has fully subscribed to the capital increase carried out by German wind turbine manufacturer Nordex SE as part of a private placement. The roughly 10% capital increase with a total issue amount of around EUR 99 million raises Acciona’s stake in Nordex from 29.9% to 36.27%. In this context, Acciona announced on 8 October 2019 its intention of making a takeover offer to Nordex shareholders.
An international CMS team headed by client relationship partner Rafael Suárez de Lezo and lead partner Dr Henrik Drinkuth is advising Acciona on all legal aspects of this transaction. CMS advised Acciona on its original investment in Nordex in 2015.
Acciona S.A. is a Spanish industrial and infrastructure company which is listed on the Madrid Stock Exchange. The company chiefly operates in the areas of civil engineering, infrastructure construction and the energy sector. With its more than 38,500 employees, Acciona posted sales of over EUR 7.5 billion in 2018.
The Nordex Group is a German wind turbine manufacturer based in Rostock and Hamburg. The group has installed more than 25 GW of wind energy capacity across over 40 markets. In 2018, the company generated sales of around EUR 2.5 million and employed more than 6,000 people.
CMS Germany
Dr Henrik Drinkuth, Lead Partner
Dr Christian von Lenthe, Partner
Maximilian Schneider, Senior Associate
Dr Anja Wiedemann, Senior Associate
Laura Moosleitner, Senior Associate, all Corporate/M&A
Dr Karsten Heider, Partner
Dr Martina Schmid, Partner, both Stock Corporation and Takeover Law
Philipp Melzer, Partner
Oliver Dreher, Partner, both Banking & Finance/Capital Markets
Christoff Soltau, Partner
Dr Denis Schlimpert, Associate, both Competition & Merger Control
CMS Spain
Rafael Suárez de Lezo, Client Relationship Partner
Ignacio Ramos, Counsel, both Corporate & Capital Markets
Carlos Vérgez, Partner
Aida Oviedo, Senior Associate, both Competition & Merger Control
Press Contact
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