Parter sells majority stake in aluminium smelters Aviles and La Coruña to Grupo Industrial Riesgo

Swiss private equity firm Parter Capital Group AG has sold its majority stake in the Aviles and La Coruña aluminium smelters, known as Alu Iberica, in Spain to Grupo Industrial Riesgo.

The sale of a nearly 75% stake in Alu Iberica for an undisclosed sum, first reported by Spanish local media on April 15, comes just nine months after Parter purchased the two smelters from aluminium producer Alcoa last July.
Grupo Industrial Riesgo is a multinational company based in Madrid that focuses on the pharmaceutical, chemical, logistics and energy industries and has a turnover of around €200 million ($217.5 million) per year.

Both Parter...


Justin Yang

April 20, 2020

14:46 GMT