Thndr Claps » EGY Claps » Financial Services 💸 » EFG Hermes in Talks to Acquire Stake in Spain’s Ignis Energia⚡
EFG Hermes (HRHO) is negotiating to buy a stake in privately held Spanish power generation company Ignis Energia.
Who is affected🤷: Ignis Energia operates solar & gas power plants in Spain, and has renewable energy projects for a total capacity of 14 GW in the pipeline.
Why is this important🤔: Hermes would acquire 45% to 49% of Ignis through a capital increase transaction that values the Spanish firm at about $1.16 billion.
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