ACE Automotive Group has sold a minority stake in Composite Aeronautic Group

ACE, the subsidiary company recently acquired by the Fujikura Group, listed Japanese multinational fiber products and electronics components manufacturer for all industries, mainly automotive, communications and energy, has sold its minority stake in CAG, Spanish company dedicated to the design and construction of small private airplanes, to the other shareholders.

Oquendo Corporate has acted as exclusive financial advisor of ACE in this transaction, which was a consequence of the entrance of the Fujikura Group as the majority shareholder of ACE.

Oquendo Corporate has acted as advisor of the seller.