Deals

Hydrogen Firm Calvera Seeks €150 Million in Rare Spain Listing

  • Firm is seeking €150 million from an initial public offfering
  • Banco Santander is sole global coordinator on the deal
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Calvera is testing investor appetite for an initial public offering that could raise as much as €150 million ($149 million), according to people familiar with the matter.

The Spanish hydrogen solutions specialist has appointed Banco Santander SA as sole global coordinator of the planned offering, the people said, asking not to be identified discussing confidential information.