Spain
Cuatrecasas advises Grupo Geniadabar on agreement to sell 40% stake in Genia Bioenergy to Repsol
April 12, 2024
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SubscribeCuatrecasas has advised Grupo Geniadabar, S.L., on negotiating an investment agreement and shareholders agreement with Repsol by which the latter will acquire a 40% stake in Genia Bioenergy, a Spanish company based in Valencia. The agreement covers 19 biomethane plants under development with a total capacity of 1.5 TWh per year and 11 other projects in an early stage of development.
With the entry of Repsol in its shareholders, Genia Bioenergy also ensures a leading buyer for its projects: the Spanish oil company agrees to purchase all the renewable gas produced in its plants.
Genia Bioenergy is the only Spanish company that integrates the entire biogas and biomethane value chain, from the development of technologies and solutions to the engineering, construction and biological technical operation of the project.
The Cuatrecasas advisory team was made up of Corporate and M&A lawyers Pablo Cubel, Sofía Lluch and Sol Sánchez.
April 12, 2024
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