COFIDES has supported Grupo Nexus Energía in consolidating its presence in Portugal, a leading company in electricity and gas commercialization, sustainability and energy transition services, and representation of renewable energy producers. To achieve this, COFIDES provided a loan through the Fondo para Inversiones en el Exterior (FIEX) to complete the acquisition of 100% of the capital of Luzboa, the electricity supplier through which Nexus Energía operates in Portugal.
Nexus Energía had already received COFIDES’ support in 2024 to acquire an additional 32% of Luzboa’s capital, adding to the 51% stake the group already held, through a co-investment loan of €2.2 million. With the current transaction acquiring the remaining 17% from its two partners, Nexus Energía completes the full integration of its Portuguese subsidiary.
This new investment consolidates the energy group’s presence in the Portuguese market, strengthening its international growth strategy in a country that has become one of its key expansion priorities.
Miguel Ángel Ladero, Corporate Director of COFIDES’ Investment Department, emphasized “the importance of supporting companies committed to renewable energy, like Nexus Energía, in their internationalization process to jointly advance a sustainable energy transition and reinforce sustainability criteria in their strategy.”
For his part, Miguel Fandiño, CEO of Grupo Nexus Energía, stated, “We are very pleased to have completed this financial transaction, which reinforces our commitment to our subsidiary in Portugal. The positive progress we have experienced since our entry fills us with optimism for the future, and we remain committed to developing innovative and sustainable energy solutions for Portugal.”
ABOUT COFIDES
COFIDES is a Spanish state-owned company that manages public financial resources, as well as its own funds and those of third-party institutions, with various objectives: supporting the internationalization of the Spanish economy, attracting foreign investment to strategic sectors in Spain, promoting impact-driven economic projects in Spain, and contributing to the development of the countries in which it invests. In addition to the Spanish State, which holds a majority stake, shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF – Development Bank of Latin America.
ABOUT NEXUS ENERGÍA
Nexus Energía is a leading energy company specializing in electricity and natural gas commercialization, representation of producers in the market, and energy services, with an international presence in Portugal and Mexico. Founded in 2000 by a dozen local companies across Spain with a long tradition in electricity distribution, Nexus Energía employs over 200 people, manages more than 18 TWh, and reported revenues of €1,676 million in its latest fiscal year.
The company supplies electricity and natural gas to more than 25,332 business supply points and 29,154 residential supply points, offering a new way to interact with energy based on responsible, conscious, and efficient consumption. It supports companies in reducing emissions and enhancing competitiveness through innovative energy efficiency and decarbonization solutions, including self-consumption, demand flexibility, energy monitoring, and management.
Nexus Energía also optimizes the sale of energy produced by over 16,420 represented plants and its integration into the grid, providing participation in balancing markets, price hedging, and a dedicated control center
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