Spain: Martinavarro becomes Amper's main shareholder

The Martinavarro family has become the main shareholder of Amper after having acquired 4.5% of the capital from Metal Capital, a company owned by Amento Capital.

As recorded by the National Securities Market Commission (CNMV), the family member linked to the citrus business José Luis Martinavarro has acquired 46.4 million shares indirectly and 2.5 million shares directly.

As a whole, Martinavarro has acquired a total of 48.9 million shares, which, by the end of Tuesday, were worth about 12.4 million Euro.

On Wednesday, Amento Capital had announced its decision to exit Amper's shareholding with the sale of its 5.9% stake to a family office worth more than 16 million Euro, although it did not reveal which investors had acquired it.

According to the CNMV, the Martinavarro family acquired a large part of this participation, specifically 4.5%, thereby becoming Amper's largest shareholder; a position held so far by Amento Capital.

Last Thursday, the shares of the technology firm saw their value rise by 2.77%, to 0.26 Euro per share. Amento explained that this operation will provide the group with greater shareholder stability.

In recent years, Amper has been carrying out a corporate reorganization and is fully involved in the implementation of its 2018-2020 Strategic Plan. In the framework of this, it expects its turnover to increase from the 70 million it invoiced in 2017 to almost 350 million by 2020.

Source: Europa Press

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

© 2019

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber