Announced
Completed
Financials
Sources
Tags
Spain
Acquisition
Majority
Renewable Energy Equipment
Single Bidder
solar energy
Private
Completed
Friendly
Cross Border
Synopsis
Galp, a Portugal-based holding company engaged in the oil and gas industry, completed the acquisition of the remaining 24.99% stake in Titan, an operator of solar photovoltaic plants, from Cobra for €140m. "By securing full ownership of Titan, which holds a significant part of Galp's Renewables portfolio in Iberia, we gain further control and optionality related with its development, creating new value enhancement opportunities," Georgios Papadimitriou, Galp COO Renewables & New Businesses.
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