Statement from the Competition Council regarding the economic concentration operation concerning the exclusive takeover by the company ‘Cox Water S.L’ of the company ‘Abengoa SA’.

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the “summary of the transaction” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.

Names of the companies and groups involved:

• The acquirer: the company “Cox Water S.L”;
• The target: the company “Abengoa SA”.

Nature of the operation:

• Exclusive control acquisition.

Economic sectors concerned:

• Seawater desalination sector;
• Onshore photovoltaic systems sector.

Deadline for interested third parties to submit their comments:

• 10 days from the date of publication of this announcement, i.e., January 26, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation concerning the acquisition of exclusive control by the company “Cox Water S.L” over the company “Abengoa SA”, through the acquisition of all of the assets of the latter.

“Cox Water S.L” is a Spanish limited liability company, whose registered office is located at Calle Energia Solar 1, CP 41014, Seville, Spain, and registered under number B13967260. It represents the branch of the “Cox” group dedicated to the water sector, in particular the design, construction and operation of desalination plants, wastewater treatment facilities and drinking water supply infrastructure.

“Abengoa SA” is a Spanish public limited company, whose registered office is located at Calle Energia Solar 1, Campus Palmas Altas, 41014, Seville, Spain, and registered under number A41002288. The company is active in engineering, energy and water treatment. The target’s activities in Morocco mainly concern the operation of the desalination unit in the province of Chtouka-Aït Baha, as well as the operation of the Ain Beni Mathar thermo-solar power plant.

Done in Rabat on January 13, 2026