How much have Ibex investors lost with AI expansions
The three large share placements of 2026 fail and leave 500 million euros in the red.
Three major Spanish companies, ACS, Merlin Properties, and Solaria, issued new shares in the first half of 2024 to finance their growth plans in AI infrastructure, raising around €3 billion. However, the share prices have since dropped, with ACS now at €91.45, Merlin Properties at €12.4, and Solaria at €16.48, down from €125, €13.64, and €24 respectively.
As a result, investors who bought into these share issues are facing losses of around €500 million. The decline in share prices began before the summer due to concerns over regulatory challenges and financing costs.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
