Nicolás Correa, S.A. agreed to acquire 88% stake in Nc Service Milling Machines from Inmobiopres Holding, S.A. for €2.42 million.
May 16, 2022
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Nicolás Correa, S.A. (BME:NEA) agreed to acquire 88% stake in Nc Service Milling Machines from Inmobiopres Holding, S.A. for €2.42 million on May 17, 2022. The closing of the transaction is subject to compliance with the suspensive condition that the operation be approved at the general meeting of shareholders of Inmobiopres Holding. The transaction is approved by the Board of Directors of Nicolás Correa. Transaction is expected to be completed in July 2022. Jose Ramón Berecibar and Ander Barruetabeña of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to Nicolás Correa.
Nicolas Correa SA is a Spain-based company primarily engaged in the design and manufacture of milling machines. The Company mainly specializes in the provision of milling solutions for the manufacturers of dies and large moulds, monolithic elements for aerospace, railway, as well as energy and general mechanical sectors, among others. The Company's activities are divided into two segments: Industrial and Commercial. The Industrial division designs and produces gantries, travelling columns, as well as bed- and bridge-type milling machines, which are distributed under the Correanayak brand name. The Commercial division is responsible for the distribution of its milling machines, as well as provision of technical advisory and maintenance services. The company operates in Spain, Portugal, Germany, China and the United States, among others, through a number of subsidiaries, such as NC Manufacturing SA, Nicolas Correa Deutschland GmbH and Tiger Machinery Parts Co.
NICOLÁS CORREA, S.A. 
