Grenergy drops after largest shareholder sells shares

Grenergy Renovables SA

18/06/2025 08:42

** Shares in Grenergy GREG.MC drop about 8.8% after its largest shareholder Daruan Group and a group of senior managers sold a 5.52% stake in the Spanish renewable energy company at 61 euros per share

** Daruan Group sold 1.33 million shares, or 4.68% stake in the company, while senior managers placed a further 0.84% in accelerated bookbuild offering

** The deal represents a discount of 8.82% to Grenergy's closing price on Tuesday of 66.9 euros

** After the sale, Daruan Group will hold about 50.01% stake in the company

** The stock will see its worst day since November if losses hold; it is at the bottom of Spanish blue-chip IBEX 35 .IBEX index

 (Reporting by Mireia Merino)

 ((Mireia.Merino@thomsonreuters.com; Reuters Messaging: mireia.merino.thomsonreuters.com@reuters.net))