Holaluz actions suspended on the stock market

BarcelonaThe Spanish stock market for SMEs BME Growth suspended this Monday the trading of shares of the Catalan energy company Holaluz, after the Spanish government reported on Saturday that it has initiated the administrative procedure to extinguish Holaluz's license as an electricity marketer.has initiated the administrative procedure to extinguish the license of Holaluz as an electricity marketer.

In a communication, the director of supervision of BME Growth, where the Barcelona-based company is listed, reported the "suspension of trading of Holaluz shares" in the BME Growth trading segment "due to circumstances that could disrupt the normal development of operations on the aforementioned securities". The Ministry for Ecological Transition and the Demographic Challenge decided to open this administrative procedure considering that the company has failed to comply with the obligations required for the exercise of this activity.

In parallel, the ministry has also initiated the procedure for the transfer of the company's customers to a reference marketer, as detailed on Saturday in the Official State Gazette (BOE). The resolution was adopted on July 16 by the Director General of Energy Policy and Mines and opens a period of ten business days for the company to present any allegations it deems appropriate. The energy company currently has approximately 220,000 active contracts, which will now have to be transferred to market operators with regulated tariffs.

An "administrative procedure"

For its part, Holaluz assured on Sunday in a statement that the decision by Pedro Sánchez's executive to disqualify it is only "a specific administrative procedure within the sector's regulatory framework" that "the company is managing in accordance with usual procedures".

The company – founded in 2010 by Carlota Pi, Oriol Vila and Ferran Nogué and currently with a staff of 167 employees – closed the 2025 financial year with a 29% reduction in losses, to 22 million euros, although this improvement in results was accompanied by a worsening of income, which plummeted by 41%, to 271 million.

Furthermore, in April the company announced that it would return to the natural gas market, where it stopped operating in 2022 as a consequence of the price increase caused by the Russian invasion of Ukraine. With the recovery of the gas service, Holaluz wanted to offer a joint gas and electricity energy offer again, managed, as other marketers have been doing for years.