Cuatrecasas has advised Ignis on the sale of 100% of Ignis Luz, its SME-focused energy supply division, to Engie. From a strategic perspective, the transaction not only highlights the success of its energy retail business but will also enable the Ignis Group to strengthen its positioning as a vertically integrated energy company, focusing its supply activities and energy solutions on large consumers and new sources of energy demand, such as data centers.

The transaction, announced on March 26, is subject to the relevant regulatory approvals and is expected to be completed by mid-2026.

Ignis Luz, headquartered in Madrid, has experienced significant growth since its launch in 2021, becoming in less than five years a leading energy retailer for SMEs in the Spanish market, with a portfolio of more than 50,000 customers nationwide and a particularly strong focus on companies and businesses.

The Cuatrecasas team responsible for the advisory work was composed of lawyers José Luis Rodríguez, Pedro López-Dóriga and Alejandro Aramburu from Corporate M&A, and Alejandro Bonitch and Alfonso Gomá from Public Law. The Ignis team included Santiago Bordiú, Joaquín Rey, Susana de Prado, María Clavell and Pablo Villodres

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