Pérez-Llorca has advised Galp on the acquisition of the remaining 24.99% of Titan 2020, the joint venture created with ACS Group for the development of renewable energy projects in Spain.
Through this transaction, Galp has acquired the stake from Cobra, the previous holder of the 24.99% of Titan 2020, for a total amount of €140m.
Titan’s portfolio currently includes 1.15GW of solar PV plants in operation and several projects at different stages of development with an expected additional capacity of ca. 1.6GW, which are expected to be operational by 2024.
The team from Pérez-Llorca advising Galp was formed by (pictured from left to right) the partner of Corporate/M&A, Dídac Severino and the lawyers, Ángel Martín and Paula Álvarez de la Ballina.
The team from Galp was formed by Alicia García Lillo, Joao Eduardo Arrobe Correia and Alejandro Enríquez.