Announced
Financials
Sources
Tags
renewable energy
Acquisition
Spain
photovoltaic energy assets
Friendly
Renewable Energy Equipment
Majority
Private
Cross Border
Pending
Single Bidder
Synopsis
Greenvolt, a Portugal-based energy production from residual forest biomass company, agreed to acquire a majority stake in Iberica Renovables, a PV cells manufacturer. Financial terms were not disclosed. Through its renewables subsidiary Greenvolt Next, the company will buy stakes representing the majority of the respective share capital of Iberica Renovables. The deal is currently under review by the Portuguese Competition Authority.
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