Announced
Financials
Sources
Tags
Electronic Equipment: Other
Single Bidder
Friendly
Majority
Electric services
Acquisition
Pending
Public
Domestic
Spain
Privatisation
Synopsis
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.
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