Acciona president open to energy unit merger, rules out full sale

José Manuel Entrecanales, president of Acciona, has indicated a willingness to consider a merger involving Acciona Energía, the company's renewable energy division. This openness suggests a strategic shift towards exploring collaborations to enhance the division's market position and operational capabilities.

However, Entrecanales was firm in stating that a complete sale of Acciona's entire 100% stake in the energy unit is "extremely improbable." This stance signals a desire to retain significant control and benefit from the long-term potential of its renewable energy assets, while still being open to strategic alliances.

In parallel, Acciona is actively seeking stable partners to undertake infrastructure concessions. This move indicates the company's broader strategy to leverage external investment and expertise in developing large-scale infrastructure projects, potentially freeing up capital for other ventures or sharing risks associated with major developments.