Metambiente Sa cancelled the acquisition of Montebalito Energias Renovables, S.A. from Montebalito, S.A..
December 12, 2016
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Metambiente Sa agreed to acquire Montebalito Energias Renovables, S.A. from Montebalito, S.A. (CATS:MTB) for €16 million on December 13, 2015. Under the terms of the transaction, 6.5 million will be paid in cash and 9.5 million will be assumed by Montebalito, S.A.
Metambiente Sa cancelled the acquisition of Montebalito Energias Renovables, S.A. from Montebalito, S.A. (CATS:MTB) on December 13, 2016.
Montebalito SA is a Spain-based company primarily engaged in the real estate sector. The Company's activities are divided into four business segments: Promotion, Rental, Renewable Energy and Other. The Promotion division is responsible for the development of residential and commercial real estate properties. The Rental segment provides leasing of residential and commercial real estate assets. The Renewable Energy area generates power energy using solar sources. The Other segment includes operations related to touristic and hospitality industry, as well as corporate cash management services. The Company is present in Spain, France, Germany, Romania, Brazil, Chile and Dominican Republic, among others. It owns a number of subsidiaries, such as Meridional Europa SL, Hoteles Balito SA, Montebalito Energias Renovables SL, Fotovoltaica Fuerteventura SL and Meridional Canarias SA.
MONTEBALITO, S.A. 
