Spain's Acciona explores Bestinver sale for around 600 million euros, report says

Corporacion Acciona Energias Renovables SA

24/04/2026 07:45

By Mireia Merino

April 24 (Reuters) - Spanish conglomerate Acciona ANA.MC is exploring a sale of Bestinver that could value the asset manager at about 600 million euros ($700.92 million), Spanish newspaper Expansion reported on Friday, citing sources familiar with the matter.

The potential disposal would mark an exit from a non-core business as Acciona rotates assets and seeks to defend its investment-grade credit rating, with talks coinciding with asset rotation at its renewables unit Acciona Energia ANE.MC.

Expansion said Acciona had in recent months approached financial groups, including Spanish insurers and other domestic and international asset and wealth managers, to gauge interest in Bestinver.

Bestinver manages more than 7.6 billion euros in assets.

No agreement had been reached and the process was being handled internally, without investment banks running a formal auction, the newspaper said. Acciona declined to comment, it added.

Expansion said Acciona, which owns 95% of Bestinver, was open to selling a controlling stake and taking the business out of the group's perimeter.

The newspaper said the company values Bestinver at more than 10 times earnings before interest, taxes, depreciation and amortisation, or EBITDA, adding that it posted 2025 EBITDA of 55 million euros, up 8% from a year earlier.

The potential sale follows a period in which asset managers globally have sought scale to offset fee pressure, volatile markets and rising compliance costs.

($1 = 0.8560 euros)

 (Reporting by Mireia Merino; Editing by Susan Fenton)

 ((Mireia.Merino@thomsonreuters.com; +48 58 769 67 10))