APG enters Celeo Concesiones e Inversiones

Elecnor and APG closed a strategic alliance where APG acquired a 49% stake in Celeo Concesiones e Inversiones, a company wholly owned by Elecnor, through a contribution of shares and a €43 million payment, with joint capital investments of €400 million planned over five years.

“Elecnor and APG estimate that they will commit joint capital investments of 400 million euros over the next five years”celeogroup.com

• 1 source
• celeogroup.comEntry of APG in Celeo Concesiones e Inversiones - CeleoJavierDec 17, 2019

Summarized from public sources; check the original articles before acting on it.