# 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.

- Type: Acquisition
- Announced: 2019-12-17
- Where: Spain
- Value: $48.0M (43.0M EUR)
- Status: completed
- Products: energy transmission and renewable energy projects
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Elecnor](https://endata.com/companies/4751.md) (acquirer)
- [APG](https://endata.com/companies/43969.md) (investor)
- [Celeo Concesiones e Inversiones](https://endata.com/companies/43970.md) (target)

## Sources

- [celeogroup.com](https://www.celeogroup.com/entry-of-apg-in-celeo-concesiones-e-inversiones/?lang=en), 2019-12-17: "Elecnor and APG estimate that they will commit joint capital investments of 400 million euros over the next five years"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.