Radar > 220773

Martifer puts a 55% stake in Martifer Solar up for sale

Martifer coloca 55% da Martifer Solar a venda

Intel ID : 220773
Synopsis

Group held by Martins brothers decided to focus in the metal construction industry, its core business, and sell a 55% stake in Martifer Solar. The sale process is already in place.

In September, Martifer classified the solar business as a non-strategic asset. This change resulted from the fact that there is a sale plan in motion of Martifer Solar (currently 55%) which interests Martifer group, explained brothers Carlos and Jorge Martins.
(content in portuguese)

O grupo dos irmãos Martins decidiu centrar-se no negócio das construções metálicas, a sua área de origem, e alienar os 55% que tem na Martifer Solar, unidade cujo processo de venda já está em marcha.

Em Setembro a Martifer passou a classificar o negócio solar como activo não corrente detido pela venda. Esta alteração resultou do facto de estar em execução um plano de venda do interesse económico (actualmente de 55%) do grupo Martifer na Martifer Solar, explica o grupo dos irmãos Carlos e Jorge Martins.

Target

Seller

Martifer
Portugal

Intel ID 220773
Value ND
Native Currency Euro (EUR)
Financial Data - Martifer Solar
(31 Dec 2019)

Net Debt: EUR 0,00m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Solar (Primary)
Primary Sector (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

Seller

Name
Subsector (Old TTR Sectors)
Industry / Steel, Metallurgy and Industrial Production (Primary)
Services and Distribution / Consultancy, Audit and Engineering
Industry / Shipbuilding
Primary Sector (TTRSC)
55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
20.02.04 Oil & Gas Equipment & Services
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

20.04.07 Renewable Energy Equipment
20 Energy & Utilities / 20.04 Renewable Energy

35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

35.07.02 Building Products
35 Industrials / 35.07 Manufacturing

35.08.02 Ship Builders
35 Industrials / 35.08 Ship Building & Repair

35.08.03 Ship Repair & Maintenance
35 Industrials / 35.08 Ship Building & Repair

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.