Renta 4 | Mahindra, a shareholder in the company prior to its IPO, given that it was a long-standing shareholder in CIE Automotive, has sold its stake in the company (6.3 million shares representing 4.16% of the capital). The divestment, which was carried out in a block trade at a price of €3.4 per share, was expected and comes shortly after the Indian company reduced its stake in CIE Automotive…
Renta 4 | Global Dominion has announced that it has reached an agreement to divest its six photovoltaic parks in the Dominican Republic to investment funds managed by Pioneer Funds and JMMB Funds Sociedaddes Administradoras de Fondos de Inversión (SAFI´s) in the Dominican Republic. The transaction involves the sale of 80% of the current ownership, while Dominion will retain the remaining 20% for a period of three years to strengthen…
Banc Sabadell| Global Dominion (DOM) announced that it has reached an agreement for the sale of the Valdecarretas photovoltaic park (Zamora, Spain) to Renewables Japan Co. The transaction has been closed for more than €37 million (EV). The park, which has an installed capacity of c.38 MW, has been in operation since last June. Assessment: Positive news with limited impact. The transaction is not surprising given that Dominion had already…