You're Just In Time to Get In The Abengoa Arbitrage Opportunity
- Class B shares have outperformed the A version in recent weeks
- `Situation will stabilize,' says analyst at MG Valores
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For investors in Abengoa SA, a renewable energy company that has lost three-quarters of its market value in a year, the riskier shares have become the best bet.
Traders in the $920 million Spanish company have been drawn to a discrepancy between two share classes that widened after Abengoa announced a stock sale last month. As of yesterday, the gap between A and B shares was 68 euro cents, a spread MG Valores’s Nicolas Lopez says will narrow in coming weeks.