.
MergerLinks Header Logo

New Deal


Announced

Completed

Galp completed the acquisition of the remaining 24.99% stake in Titan from Cobra for €140m.

Financials

Edit Data
Transaction Value£116m
Consideration TypeCash
Capital Owned75%
Capital Bid For25%
EV/Sales-
EV/EBITDA2.81x
Share Price Premium-
One Off Charge-

Tags

Edit

Spain

Acquisition

Majority

Renewable Energy Equipment

Single Bidder

solar energy

Private

Completed

Friendly

Cross Border

Synopsis

Edit

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.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US