KPMG Abogados advises MASPV Group on public offering of shares via American Depositary Shares

KPMG Abogados, through Jorge Leon Gross (partner responsible for the legal area in Andalusia), has been acting as advisor to the Board of Maspv Group, specialized in the photovoltaic sector, in the presentation of the public offering of shares through American Depositary Shares (ADS), which will soon allow its Chinese subsidiary to start trading on the NASDAQ in New York, with an initial valuation of approximately 230 million euros.

The latest step has been the recent filing of the F-1 form with the US Securities and Exchange Commission (SEC).

This complex transaction, which has been underway for the past year in coordination with legal teams and investment banks in China and the USA, will enable the Group to strengthen its position as an international global player in the solar photovoltaic market. China has become the world’s largest energy market, and MASPV has been operating there for more than 10 years.

The IPO in New York is motivated by the support of more and more investors for MASPV’s business model, as a group present in the main growth markets and for the business model of self-consumption and large grid-injection plants.

MASPV Solar Energy Experts Group has been a pioneer in self-consumption in Spain since 2014, and has more than 500 MW installed in markets around the world such as China, Japan, Panama, Mexico, Chile, Costa Rica, Dominican Republic and Colombia, being an IPP (Independent Power Producer) with energy assets internationally.