Cristian Lay has acquired a minority stake in Gas de Extremadura

Cristian Lay, S.A., the Spanish leading multinational within the direct sales of apparel and costume jewelry, has acquired the stake Grupo Endesa hold in Gas de Extremadura, for an undisclosed consideration.

Gas de Extremadura is a group of companies engaged in the transportation and distribution of natural gas in the region of Extremadura, in the West of Spain.

Oquendo acted as the exclusive financial advisor of Cristian Lay, S.A., including the preliminary analysis of the transaction, the valuation of the Company, as well as in all the negotiations with Grupo Endesa and the closing stages of the deal.

Oquendo Corporate has acted as adviser to the buyer.