3i has acquired a 75% stake in funerary business Mémora Inversiones Funerarias from Acciona for EUR 225m, in a deal which values the company at EUR 330m including debt. The transaction, which remains subject to approval by anti-trust authorities, will see Caja Madrid retain a 25% holding in the business.
Mémora offers funerary, cremation, burial grounds management and other related services. It comprises 40 companies with 130 funerary homes, 45 morgues, 14 cremation facilities and 12 burial grounds. In...
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