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GA_P advises Técnicas Reunidas on its capital increase
10 of April, 2023
GA_P advises Técnicas Reunidas on its capital increase
Gómez-Acebo & Pombo has advised Técnicas Reunidas in the capital increase process for the amount of 150 million euros, agreed this Monday 10 April by its Board of Directors. The capital increase will be carried out by means of cash contributions and with recognition of the pre-emptive subscription rights of the company’s shareholders, at a subscription price of 6.15 euros per new share.
With this capital increase, the Spanish multinational intends to strengthen the Group’s equity position to support the future growth expected from the new wave of investment in the energy industry.
Specifically, these proceeds will be used to finance the operating expenses derived from the Low Carbon Technologies segment in the context of the energy transition; optimise the net cash position; and reduce the Group’s level of indebtedness.
The GA_P team consisted of: Augusto Piñel, Jacobo Palanca and Miren Ibáñez, partner and associates of the Commercial team.
Gómez-Acebo & Pombo has advised Técnicas Reunidas in the capital increase process for the amount of 150 million euros, agreed this Monday 10 April by its Board of Directors. The capital increase will be carried out by means of cash contributions and with recognition of the pre-emptive subscription rights of the company’s shareholders, at a subscription price of 6.15 euros per new share.
With this capital increase, the Spanish multinational intends to strengthen the Group’s equity position to support the future growth expected from the new wave of investment in the energy industry.
Specifically, these proceeds will be used to finance the operating expenses derived from the Low Carbon Technologies segment in the context of the energy transition; optimise the net cash position; and reduce the Group’s level of indebtedness.
The GA_P team consisted of: Augusto Piñel, Jacobo Palanca and Miren Ibáñez, partner and associates of the Commercial team.
Lawyer mentioned
Augusto Piñel – Partner
Jacobo Palanca – Senior Associate
Tipology
Deal
Areas and sectors
Press contact
Sandra Cuesta
Director of Business Development, Marketing and Communications
Sandra Cuesta
Director of Business Development, Marketing and Communications
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Gómez-Acebo & Pombo
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