Nordex will acquire Acciona Windpower from Acciona S.A. The transaction is valued at € 785 million, payable in cash (€ 366 million) and 16.1 million in new Nordex shares (€ 419 million) equal to a 16.6% stake in the German company.
At the same time, Acciona S.A. will acquire 13.3% of additional existing Nordex shares, valued at € 335 million, from Skion-Momentum, an investment vehicle of the Quandt family and Nordex’s current main shareholder. As a result of both transactions, Acciona S.A. will become the largest shareholder in Nordex with a 29.9% stake, while Skion-Momentum will retain a 5.7% share in the listed German company. The transaction is subject to approval by relevant competition authorities.
