MADRID: Spain's Acciona said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of up to 25% of this unit, in what is set to be one of the biggest in a record year so far for listings in Europe.
The deal targets a lower valuation than the 12.1 billion euros achieved by Vodafone's infrastructure unit Vantage Towers in a blockbuster deal in March but higher than the 7.6 billion pounds ($10.58 billion) achieved by British online food company Deliveroo in March.