Voltalia SA (ENXTPA:VLTSA) signed a share purchase agreement to acquire Martifer Solar, S.A. from Martifer SGPS, S.A. (ENXTLS:MAR) and other shareholders for €9 million on August 18, 2016. Martifer SGPS will sell its 55% stake in Martifer Solar. The consideration will be entirely self-financed in cash. Voltalia will acquire Martifer Solar, excluding its US entities. In financial year, 2015, Martifer Solar registered €142.2 million of revenues and €2.1 million of EBITDA. The disposal of Martifer Solar contributes to reduce Martifer Group's net debt. A. Commerot of Actifin acted as public relations advisor for Voltalia. Francisco Xavier de Almeida, Tiago Valente de Oliveira, Pedro Nunes and André Guimarães of CMS Rui Pena & Arnaut acted as legal advisor for Voltalia. Morais Leitão, Galvão Teles, Soares da Silva & Associados acted as legal advisor for Martifer Solar. Yves Lepage, Alexis Hojabr, Alicia Bali, Anne-Sophie Kerfant and Michel Roseau of Orrick Rambaud Martel acted as legal advisor for Voltalia SA.


Voltalia SA (ENXTPA:VLTSA) completed the acquisition of Martifer Solar, S.A. from Martifer SGPS, S.A. (ENXTLS:MAR) and other shareholders on August 18, 2016.