Aceros y Forjas de Azkoitia (AFORASA), owner of Grupo GSB, and Corporación Industrial Egaña have agreed to merge their automotive component businesses to create the fourth industry player in Spain.

Oquendo Corporate has acted as the exclusive financial advisor of AFORASA, developing along with the management team and the owners, all the activities targeted to determine the exchange ratio for the merger.

Oquendo Corporate has acted as advisor of AFORASA.

Sector: Automotive
Operation: Merger
Companies involved: AFORASA
Year: 2002