Smarttia and Alazady Spain to acquire the remaining shares in Greenalia for c. €50m.

Smarttia and Alazady Spain agreed to acquire the remaining shares in Greenalia, an electric services company for c. €50m. Smarttia, led by Greenalia’s CEO Manuel Garcia, controls the company with an 81.21% stake. Alazady Spain, which holds a 5.19% stake, represents a family office led by Spanish businessman Jose Maria Castellano, formerly the CEO of fashion group Industria de Diseno Textil SA. Castellano acquired his stake in Greenalia in 2020.