A consortium of investors conformed by BBVA, Iberdrola, CajaMadrid, Caja de Extremadura and Sofiex (the private equity arm of the regional government of Extremadura) has subscribed a capital increase of EUR50m in Refinería Balboa, subsidiary company of Grupo Alfonso Gallardo focused in the development and installation of an oil refinery in Extremadura (a region in the West of Spain).

Oquendo Corporate acted as exclusive financial advisor of Refinería Balboa and Grupo Alfonso Gallardo in all the process.

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