Autlán buys battery maker in Spain

Autlán buys battery maker in Spain

M&A Equity Mexico Europe

Mexican mining company Compañía Minera Autlán said on Monday that it acquired Spanish battery maker Cegasa from the US venture capital firm Sherpa Capital for €26.4 million ($28.8 million). Autlán will finance the acquisition with cash on hand and loans from European lenders "with competitive terms and rates," it said in a press release. It also said it had brought in an unnamed investor to cover 25% of the acquisition. The acquisition marks Autlán's entry into the European market, it said in th

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