Martifer Group confirms the sale of Martifer Solar to Voltalia
Following the material information issued on June 20, 2016, Martifer, SGPS, S.A. informs about the signing with French renewable company Voltalia of a share purchase agreement for the sale by Martifer Group of its 55 % in Martifer Solar, S.A..
Through this agreement, Voltalia (Euronext Paris, code ISIN: FR0011995588) acquires 100 % of Martifer Solar, S.A. shares, excluding its US entities which remain held by Martifer Group. The acquisition price "Equity Value” for 100 % of shares is 9 million euros.
Voltalia, an integrated renewable player with international ambitions, will ensure the continuity of Martifer Solar’s business.
The disposal of Martifer Solar contributes to reduce Martifer Group’s net debt, as announced in the September 2014 plan.