February 11, 2020
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
Mexican mining company brings in an unnamed investor to cover 25% of the acquisition