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Equitix completed the acquisition of a 55% stake in Telecom Castilla.

Synopsis

Equitix completed the acquisition of a 55% stake in Telecom Castilla, a national operator of broadcast services, from GED. Financial terms were not disclosed. "We are pleased to announce the sale of our stake in Telecom CLM after having been able to grow and diversify the company's business areas over these years. With this disinvestment, only two companies remain in the former infrastructure fund portfolio of Ahorro Corporation: Aseguramiento Tecnico de la Calida, that with more than 400k annual inspections is the main provider of technical inspections of vehicles in the Valencian Community; and Terminal de Graneles Agroalimentarios de Santander, the main argi-food bulk logistics operator in the Port of Santander, offering bulk unloading, storage and dispatch services," Victoriano Lopez-Pinto, GED Managing Partner.

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