Geo Alternativa, S.L. agreed to acquire Portfolio of residential electricity and gas clients of Compañía Española de Petróleos, S.A.U. from Compañía Española de Petróleos, S.A.U. (BME:CEP) on January 7, 2021. The portfolio comprises around 75,000 contracts and the transfer will take place in the coming months. The transaction already has the appropriate regulatory approvals. Javier Villasante of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to Geo Alternativa, S.L.