COFIDES finances Nexus Energía to reach 100% ownership of its Portuguese subsidiary Luzboa

 

The development finance institution COFIDES has formalized new financial support to Grupo Nexus Energía to complete the acquisition of 100% of its subsidiary in Portugal, Luzboa, strengthening the Spanish presence in the sector of renewable energy and international electricity marketing.

 

Strategic consolidation in the Portuguese energy market

 

El Grupo Nexus Energía, a leader in the marketing of electricity and gas, as well as in services of sustainability and energy transition[Company Name] has taken the definitive step towards total control of its operations in Portuguese territory. This was achieved through a loan charged to [the relevant regulations/funds]. Fondo para Inversiones en el Exterior (FIEX) managed by COFIDESThe company has acquired 17% of the capital of Luzboa which was still in the hands of its local partners.

 

This operation represents the culmination of a process that began years ago. It is worth remembering that in 2024, Nexus Energía It already had the support of COFIDES to increase its stake from 51% to 83%, through a co-investment loan of 2,2 millones de eurosWith this latest move, the integration of the subsidiary is complete, allowing the Spanish parent company to execute its growth strategy with total autonomy in one of its main international markets.

 

Key data on the operation and evolution of Nexus Energía

 

The trajectory of Nexus Energía This reflects a solid expansion since its founding in 2000. Currently, the group not only operates in Spain y Portugalbut also maintains a presence in Mexicomanaging an energy volume exceeding 18 TWh.

 

Concept	Detail / Figure
Final participation in Luzboa	100% (Full Ownership)
Last section acquired	17% of the capital
Billing for the last fiscal year	1.676 millones de euros
Managed energy	More than 18 TWh
Supply points (Companies)	25.332
Supply points (Domestic)	29.154

 

“The importance of supporting companies committed to renewable energy such as Nexus Energía "Its internationalization process is vital to advancing towards a sustainable energy transition," he emphasized. Miguel Ángel Ladero, corporate director of the Investment department of COFIDES.

 

Impact on decarbonization and energy services

 

The full integration of Luzboa It allows Nexus Energía to more efficiently transfer its business model based on the responsible consumption and Energy Efficiency The group stands out for its ability to optimize the sale in the market of energy produced by more than 16.420 represented plants, integrating them into the electricity grid through its own control centers.

 

For its part, Miguel Fandiño, CEO Grupo Nexus Energía, expressed his satisfaction: “We are very pleased to have completed this financial transaction, which reinforces our commitment to our subsidiary in Portugal“This positive progress fills us with optimism about the development of innovative energy solutions for the Portuguese market.”

 

• Boosting business competitiveness through solutions decarbonization.
• Implementation of systems of consumption and demand flexibility.
• Advanced monitoring and management for CO2 emissions reduction.

 

Key points and frequently asked questions about acquiring Luzboa

 

What role has COFIDES played in this operation?

COFIDES has provided the necessary financing through a loan charged to Fondo para Inversiones en el Exterior (FIEX) what for Nexus Energía acquire the remaining 17% of Luzboathus achieving total control of the subsidiary.

 

What is the relevance of Nexus Energía in the renewable energy sector?

It is a benchmark in the marketing of electricity and gas, managing more than 18 TWh and representing more than 16.420 renewable production plants, facilitating their integration into the grid and optimizing their sale in the market.

 

Who are the shareholders of COFIDES?

In addition to the Spanish State, which maintains the majority position, in the shareholding of COFIDES financial institutions such as participate Banco Santander, BBVA, Banco Sabadell y CAF-Banco de Desarrollo de América Latina.