Albia Capital on the press

periodicosThe Basque country edition of the economic newspaper Expansión (Expansión 26-03-2014) and the web-based journal elEconomista published on 26 March, reported the participation of Albia Capital Partners as the financial advisor in the acquisition of a 80% stake of Ibérica de Sales by Minersa.

Expansión. Wednesday, 26 March 2014. Basque Country

Minersa, pays 76 million for a 80% stake in Ibérica de Sales

INVESTMENT SPRINT – The Vizcaya based mining group continues its investment activity by acquiring a majority stake in the leading Spanish producer of salt used for de-icing and animal nutrition.

The Vizcaya based Minerales y Productos Derivados (Minersa) group, a company listed on the Bilbao Stock Exchange, has acquired a 80% stake in Ibérica Sales for a reported amount of 75.95 million euro, according to information provided by Minersa to the Comisión Nacional del Mercado de Valores (CNMV) yesterday.

Specifically, the company has acquired the total stake in Sales Orbea, which owns 65% of Ibérica de Sales, and the remaining 15% stake was acquired from private shareholders.

The transaction is another step in Minersa’s investing activity, which accelerated in 2013 after the group obtained a profit of nearly fifty million euro from the sale of its 12.9% stake in the South African Metorex.

Buyout

Last year, the company – specialized in operating mining deposits, as well as producing and selling chemical products for industrial use- employed over fifteen million euro in buying stakes in companies. In recent months, up until the acquisition of Ibérica de Sales, its largest recent investment was 11.5 million used to acquire a 19.4% stake in Crimidesa Industrial, Europe’s largest producer of sodium sulfate, with an open pit mine in Cerezo de Rio Tiron (Burgos).

Ibérica de Sales is the leading Spanish producer of salt used for de-icing and animal nutrition. Currently the company exports to Andorra, France, Portugal, Italy and the UK. Albia Capital was the financial advisor of Ibérica de Sales in the deal.

Minersa has also increased its stake in the Mexican Mexichem, and has acquired a 100% stake in Leralla Development, as well as a 74% stake in Ivory Pewter Trading 79 in South Africa.

Minersa is the only Spanish fluorspar producer and one of the world’s top sodium sulfate producers, as well as one of the main European producers of sepiolite and barite. The Basque group ended 2013 with a consolidated net income of € 41.2 million, a figure that represented a hefty cut in comparison to the profits of 109,6 million registered in 2012, which were influenced by capital gains collected from the sale of financial investments. Regarding business evolution, Minersa group’s turnover stood at 226.7 million in 2013, 4.4% more than in 2012, driven by the inclusion of certain companies acquired during the year in its consolidated group. Nearly 171.9 million of the total amount of sales were exports.

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Europa Press | elEconomista. 03/26/2014 – 23:57

Minersa acquires a 80% stake in Ibérica de Sales for 75.95 million euro

Minerales y Productos Derivados (Minersa) has acquired a 80% stake in Ibérica de Sales for a reported amount of 75.95 million euro, as per information provided by the company to the Comisión Nacional del Mercado de Valores (CNMV).

Specifically, the company has acquired the total stake in Sales Orbea, which owns 65% of Ibérica de Sales, and the remaining 15% stake was acquired from private shareholders. Albia Capital was the financial advisor of Ibérica de Sales in the deal.

Ibérica de Sales is the leading Spanish producer of salt used for de-icing and animal nutrition. Currently the company exports to Andorra, France, Portugal, Italy and the UK.

Minersa, based in Bilbao (Vizcaya), is an international group of companies that produces industrial minerals, chemicals, building products and absorbent, producing over one million tons of minerals and chemicals annually.

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