TPG completed the acquisition of FerroAtlantica for €170m.

TPG Sixth Street Partners, the global finance and investment firm, completed the acquisition of FerroAtlantica, the owner and operator of the Group's hydropower assets in Galicia and its smelting facility at CEE Dumbria, from Ferroglobe, a producer of silicon metal, and a silicon- and manganese-based specialty alloys producer, for €170m. "The sale of FerroAtlántica represents an important step in the execution of Ferroglobe’s near term strategy of streamlining our business and strengthening our balance sheet. The structure of this transaction allows us to significantly improve the financial profile of our company, by deleveraging and enhancing liquidity, while maintaining our strong presence in the ferroalloy market and our commitment to the region of Galicia,” Pedro Larrea, Ferroglobe CEO.