Galp Energia group has bought from Martifer Renewables, an affiliate company of Martifer SGPS, 50% of the Parque Eólico Penha da Gardunha, Lda., a company that currently holds 30% of the share capital of Ventinveste, S.A. (Ventinveste). The transaction amounts to approximately 5 million euros.

The Parque Eólico Penha da Gardunha, Lda., was acquired by Martifer Renewables from the Babcock & Brown group in June 2009. This current sale of half of the capital of the company will, in effect, rebalance the stakes of Martifer SGPS and Galp Energia group in Ventinveste.

After this transaction the shareholder structure of Ventinveste will include Galp Energia group with 49%, Martifer SGPS with 46.6%, Repower with 2.4% and Efacec with 2%.

This transaction has been duly approved by the Portuguese General Directorate of Energy and Geology (DGEG).

Tags: Galp Energia