ENCE Energía y Celulosa, S.A. announced that it has received funding
January 17, 2018
Share
ENCE Energía y Celulosa, S.A. (BME:ENC) announced a private placement of 3,236,000,000 new shares on January 17, 2018. The transaction included participation from Juan Luis Arregui; president of the company has acquired 29.71% stake.
Ence Energia y Celulosa SA, formerly Grupo Empresarial ENCE SA, is a Spain-based company engaged in the operation of pulp mills. The Company' activities are divided into two business units: Pulp and Energy. The Pulp business unit is subdivided into three segments: Pulp, manufacturing pulp and pulp derivatives, such as lignin and biomass, as well as co-generating energy; Forest Management, providing forest crops and wood raw materials, and Forest Services & Other, including residual business activities, as well as forest support services. The Energy business unit focuses on generating energy using forestry and agricultural biomass, as well as, thermos and solar electric energy generation. The Company operates pulp mills and power generation plants in Spain.
ENCE ENERGÍA Y CELULOSA, S.A. 
