SPAIN - Catalana d'Iniciatives takes 25% in biodesel business for EUR 10.5m

Private equity house Catalana d'Iniciatives has taken a participation of 25% in Bioenergética Extremeña for EUR 10.5m. The remaining stake was split between the Hinojosa-Vacas, Bigeriego and Espinosa de los Monteros families, which have diluted their existing stakes and re-invested in the company. Bioenergética Extremeña is undertaking the construction of the largest biodiesel plant in Spain. The plant will have a production capacity of of 250,000 tonnes of biodiesel and it is likely to be ready by the end of 2007.