Ashurst guides Sojitz to majority stake in Nexus Energía

Ashurst España has advised the Japanese conglomerate Sojitz Corporation of Europe on the acquisition of a controlling stake in the Spanish company Nexus Energía, which supplies electricity in Spain, Portugal and Mexico. The Japanese group, which previously held a 30% stake in the energy supplier, has increased its shareholding to 52.56%, becoming the majority shareholder of the company.

The agreement includes the purchase of treasury shares and stakes from certain shareholders, such as CE Energía Cartera and Electra del Maestrazgo. Other Nexus shareholders, including Hidroeléctrica Bausen, Gaselec Diversificación and Candin Energía, will retain their holdings. The deal is expected to close in the coming months, subject to regulatory approvals and certain customary conditions precedent.

Sojitz entered Nexus’s capital four years ago. The increase in its shareholding is now seen as a vote of confidence in Nexus’s 2026–2030 strategic plan, which aims to double the volume of energy supplied and business results over the next five years.

Adhurst’s advisory team was led by Andrés Alfonso (partner, corporate M&A and head of sustainability and energy transition, pictured), supported by Tannia Rodríguez (counsel, Corporate M&A), Cristina López-Canosa (associate, Corporate M&A), Cristina Grande (counsel, Employment and Data Protection), María Baixauli (associate, Employment and Data Protection), Rafael Baena (partner, Antitrust, Regulation and Foreign Investments), Javier Torrecilla (counsel, Antitrust, Regulation and Foreign Investments), and Teresa Prado (associate, Antitrust, Regulation and Foreign Investments).