Cox Group formalizes the Abengoa acquisition

Statement from Cox Energy 

Mexico City, Mexico, July 31, 2023 - COX ENERGY, S.A.B. OF C.V. ("Cox Energy", "the Issuer" or "the Company") (BIVA/BMV: COXA*, BME: COX), the first photovoltaic solar energy company in Latin America which is listed on BIVA (Mexico) and BME Growth (Spain), informs its shareholders and the general public that, Grupo Cox, the main shareholder of the Issuer, has formalized the acquisition of the Autonomous Productive Units of Grupo Abengoa, a Spanish multinational company specialized in infrastructure, energy and water before the public notary.

 Grupo Cox highlights the support received from workers, trade union associations, Public Administrations, the insolvency administrator (EY Firm) and banking institutions towards this project and Business Plan: Santander, Caixabank, Crédit Agricole, BBVA, Bankinter and HSBC, a group of banks with whom an agreement has been made for a guarantee line amounting to 150 million Euros and with the support of CESCE (Centro Especializado de Capacitación para el Sector Energía). 

Finally, the Issuer reaffirms its press release from April 18, 2023, by which it informs that the Autonomous Productive Units of the Abengoa Group awarded in favor of Grupo Cox, are out of the consolidation perimeter of Cox Energy S.A.B. de C.V. ("the Issuer"). Enrique Riquelme, Founder and President of Cox Energy Group, commented: 

"The closure of the transaction for the acquisition of Grupo Abengoa, one of Spain's leading multinational companies in the infrastructure, energy and water markets, will allow Grupo Cox to strengthen its leadership in the industry and expand its presence in new sectors and regions. We are confident that this transaction will bring value-generating synergies to all of the Group's companies."