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Abengoa makes US unit IPO plans public-Reuters

Tuesday, 1 Apr 2014 06:01pm EDT 

Abengoa SA:Abengoa made public its US subsidiary plans to raise up to $600 million in initial public offering of ordinary shares-Reuters.Abengoa in March filed confidentially with US regulators for proposed IPO of its yieldco vehicle.Abengoa Yield Plc, US subsidiary, intends to list its shares on Nasdaq under symbol ABY.Citigroup and BofA Merrill Lynch were underwriting IPO.Abengoa plans to use subsidiary to own, manage and acquire renewable energy assets in United States and South America. 

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