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Announced

Completed

TotalEnergies completed the acquisition of Iber Resinas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Plastics

Private

Cross Border

Spain

polypropylenes

Friendly

plastics

Majority

Completed

Single Bidder

Synopsis

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TotalEnergies, an energy company, completed the acquisition of Iber Resinas, a manufacturer of plastics. Financial terms were not disclosed. "This acquisition is a further step towards achieving our ambition of increasing the share of circular polymers in our plastics production to 30% by 2030. We are pleased to welcome Iber Resinas' teams and combine their recycling know-how with TotalEnergies' polymers expertise," Nathalie Brunelle, TotalEnergies Senior Vice President.

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