SPAIN - AC Desarrollo acquires Endaki stake
Ahorro Corporación Desarrollo has invested an undisclosed sum in industrial manufacturer Endaki Tecnocast, in return for a minority stake in the business of 22.5%.
Based in La Robla, Endaki produces large smelting parts used predominantly in the wind energy industry. The company has invested EUR 35m in a facility with a production capacity of 30,000 tonnes per year., which should be completed by early 2010 and will create 60 jobs.
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