Finance
Spain's Acciona hires bank to examine options for energy business
Published by Global Banking & Finance Review®
Posted on February 27, 2026
1 min readLast updated: February 27, 2026
Quick Summary
Acciona has hired an investment bank to assess strategic options for Acciona Energía, including a potential delisting, merger or keeping the renewable unit listed. The review comes as the group continues rotating assets and reporting a strong profit uplift tied to renewables disposals. ([cincodias.e
Acciona hires bank to analyse options for its Acciona Energia unit
Acciona reviews strategic alternatives for Acciona Energia
Bank engaged to analyse options
MADRID, Feb 27 (Reuters) - Spanish conglomerate Acciona has hired a bank to analyse options for its energy business, Chief Executive Jose Manuel Entrecanales said on Friday.
Potential paths for Acciona Energia
The group has been considering potential options for Acciona Energia, in which it has a more than 90% stake. Entrecanales had previously said that potential options include a delisting, a merger or the status quo.
Public listing versus alternatives
There is an "intrinsic value" in keeping the energy business listed, he said in a call after the company's results, adding that all options are analysed constantly.
Ongoing evaluation process
"We have retained a bank to help us in that process of analysing all the different alternatives," he said.
(Reporting by Pietro LombardiEditing by David Goodman)
Key Takeaways
- •Acciona is formalising its strategic review by bringing in a bank, signalling the listed renewables arm’s structure (status quo vs M&A vs delisting) is an active capital-allocation lever rather than a theoretical discussion. (euronews.com)
- •Acciona Energía’s ongoing asset-rotation programme provides context for the review: the company has announced multiple disposals since mid-2024, including deals totalling ~1.7GW and ~€2.4bn, and a separate US/Mexico transaction valued around US$1bn (expected to close in 1H 2026). (acciona.com)
- •The broader group backdrop is supportive: Spanish business press reported Acciona’s 2025 net profit rose to €803m, with Acciona Energía posting higher EBITDA and net profit alongside divestment gains—momentum that could influence timing/valuation considerations in any corporate action. (cincodias.elpais.com)
References
Frequently Asked Questions about Spain's Acciona hires bank to examine options for energy business
1What did Acciona hire a bank to do regarding its energy business?
Acciona hired a bank to help analyse different alternatives and options for its energy business, Acciona Energia.
2What options has Acciona considered for Acciona Energia?
Potential options mentioned include a delisting, a merger, or maintaining the status quo.
3How much of Acciona Energia does Acciona own?
Acciona has a stake of more than 90% in Acciona Energia.
4What did Acciona’s CEO say about keeping the energy business listed?
He said there is an “intrinsic value” in keeping the energy business listed and that all options are analysed constantly.
