Grupo Ezentis, S.A. announced that it has received €39.72 million in funding from Electrica Nuriel, S.L.
March 28, 2021
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On March 29, 2021, Grupo Ezentis, S.A. closed the transaction. The company also issued 66,200,000 convertible bonds at a price of €0.30 per bond for a nominal amount of €19,860,000 in the transaction. The investor exercised its right to convert 66,200,000 bonds into shares and has received €39,720,000 in the round. Post closing of the transaction, the investor holds 28.57% stake in the company.
Grupo Ezentis SA, also known as Ezentis, is a Spain-based company engaged in the infrastructure and telecommunications sectors. The Companyâs activities are structured into three segments: Telecommunications, Electricity and Others. The Telecommunications segment provides design, construction, operation, as well as maintenance services of fiber optic and mobile telephone networks, among others. The Electricity area offers a variety of services within the electric power infrastructure, such as assembly of transmission and distribution lines, installation of substations, smart grids and maintenance of public lighting network. The Others segment encompasses operations in water, oil and gas, as well as mining sector, including construction, repairs, inspections, project management, and engineering services, among others. Ezentis operates through Comunicaciones Y Sonido Mexico SA de CV, Ingenieria Celular Panamericana SA and Gts Thaumat XXI SA.