spot_img
Wednesday, March 29, 2023
spot_img

Baker advises BTD on the sale of Aguas La Toja to Gestagua

Baker McKenzie has advised BTD on the sale of Aguas La Toja, the company in charge of the integral water cycle in one of the most iconic places in Galicia, to Gestagua

-

Gestagua, the water subsidiary of the Saur Group, continues with its corporate growth plan in Spain, with a special focus on the integral water cycle in Galicia. The company, which already operates in Lugo, Pontevedra and A Coruña, has signed the purchase of Aguas La Toja, the company in charge of the integral water cycle in one of the most iconic places in Galicia, the island of La Toja, in the municipality of O Grove. Until now, Aguas La Toja was controlled by the Spanish BTD, a group specialising in the provision of environmental and educational services, which acquired it in 2017.

The history of Aguas de La Toja is closely linked to the Galician financial sector. It was originally part of Gestora Inmobiliaria La Toja, a holding company controlled by the former Banco Pastor. In 2012, it moved to the perimeter of Popular and in 2017 it was transferred to Santander. At the end of that same year, it was sold, as part of the bank’s non-strategic divestment plan, to BTD.

The terms of the purchase completed by Gestagua have not been disclosed. This is the first time that Aguas La Toja has become part of a group dedicated exclusively to water management.

Baker McKenzie advised BTD with a Corporate/M&A team formed by partners Luis Casals and Juanjo Corral, and associate Modesto Puerta.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Multi-Law firm advice on PATRIZIA´s Infrastructure €60m investment in Spain´s FTTH

PATRIZIA’s European Infrastructure Fund II (EIF II) has invested in a Fibre-to-the-Home (FTTH) platform in Spain, through which PATRIZIA will funnel its pipeline investments...

KPMG guides PATRIZIA Infrastructure´s investment in Spain´s FTTH

KPMG Abogados acted as legal advisor of PATRIZIA Infraestructure on the acquisition of Air Wifi, S.L., and Wifisanctipetri, Spanish companies based in Cádiz whose...

Baker McKenzie IPTech pro joins Dentsu Spain

Jorge was a member of the first graduating class of the Law and Specialisation in ICT degree at Universidad de Deusto. he also holds...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: