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Transaction

Sale of its stake in Interagua, Inc. to Grupo Agbar

Role:

Financial advisor to the seller

Year: 

N/A

Cliente:

Grupo Agbar

Service / Sector

Description

GBS Finance acted as financial advisorin the aqcuistion of Agbar, the Spanish water company, of 39.95% stake in Interagua, from Endesa, the Spanish electricity group, for a total consideration of EUR 25.75m. As part of the transaction, Agbar will also acquire Endesa’s stakes in Emasagra (12.5%), Agua Vega Sierra Elvira (15%) and Gestion de Aguas de Aragon (40%). The acquisition is in line with Endesa’s strategy to dispose of its non-core businesses.