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| General Information |
| Business: |
We are a dividend growth-oriented company formed to serve as the primary vehicle through which Abengoa will own, manage and acquire renewable energy, conventional power and electric transmission lines and other contracted revenue-generating assets, initially focused on North America (the United States and Mexico) and South America (Peru, Chile, Uruguay and Brazil), as well as Europe (Spain). In the future, we intend to expand this presence to selected countries in Africa and the Middle East. We intend to take advantage of favorable trends in the power generation and electric transmission sectors globally, including energy scarcity and a focus on the reduction of carbon emissions. With this business model, our objective is to pay a consistent and growing cash dividend to holders of our shares that is sustainable on a long-term basis. We expect to target a payout ratio of 90% of our cash available for distribution and will seek to increase such cash dividends over time through organic growth and as we acquire assets with characteristics similar to those in our current portfolio. |
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| Industry: |
ELECTRIC SERVICES |
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| Contact Information |
| Address: |
Great West House, GW1, 17th floor, Great West Road, Brentford, UK TW8 9DF |
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| Financial Information |
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| Revenues: |
$ 242.4 mil (last 12 months) |
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| Net Income: |
$ -23.8 mil (last 12 months) |
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| IPO Profile |
| Symbol: |
ABY |
| Shares (millions): |
24.9 |
| Price Range: |
$29.00 - $29.00 |
| Est.$ Volume |
$ 720.7 mil |
| Manager / Joint Managers |
Citigroup/ BofA Merrill Lynch |
| Co Managers |
Canaccord Genuity/ HSBC/ RBC Capital Markets/ Banco Santander |
| Expected to Trade |
6/13/2014 |
| Status |
Priced |
| SCOOP RATING |
Available only to Subscribers |
| RATING CHANGE |
Available only to Subscribers |
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