Cox, a Spanish company specializing in water and energy projects, has announced plans to go public with an Initial Public Offering (IPO) aimed at raising up to €270 million. The capital raised will be used to fund strategic projects, including water concessions, energy developments, and electricity transmission infrastructure, both in Spain and internationally.
Among the major investors supporting Cox’s IPO is Morocco’s Attijariwafa Bank, signaling Morocco’s growing role in international energy and infrastructure markets. Alongside Attijariwafa Bank, Amea Power, a leading renewable energy company in the Middle East and Africa, and Corporación Cunext, are also backing the IPO. This diverse investment base highlights the importance of Cox’s public offering in driving future growth.
The involvement of Amea Power further underlines the significance of Cox’s IPO, as the firm continues to expand its presence in renewable energy projects across key regions.
A Strategic investment for global growth
Cox’s IPO is designed to bolster its capacity to finance essential infrastructure projects, particularly in regions with high growth potential. The company aims to strengthen its portfolio in water, energy, and electricity transmission, which are critical for meeting future global infrastructure needs.
Attijariwafa Bank’s investment in Cox is subject to Moroccan regulatory approval and the bank’s internal processes, ensuring that all compliance standards are met. This participation also reflects the bank’s strategic interest in supporting sustainable projects and expanding its influence in international markets.
Boosting global infrastructure investments
The funds raised through the IPO will allow Cox to expand its infrastructure investments both in Spain and abroad, focusing on projects in high-potential regions. As the company continues to grow its global footprint, the backing of key investors like Attijariwafa Bank and Amea Power positions it as a significant player in the international water and energy sectors.
With this IPO, Cox is set to reinforce its role as a leader in sustainable infrastructure development, ensuring that it has the capital needed to meet rising demands in energy and water management across the globe.
