- Latest newsLatest news
- Nexus Energía enters Portuguese market after purchasing 51% of Luzboa
As part of its firm resolve to become a leader in the European energy sector, Nexus Energía has decided to bet on the Portuguese market by purchasing 51% of the shares of the Portuguese reseller LUZBOA.
This transaction was completed after taking part in this company’s capital increase and acquiring the majority of its shares.
LUZBOA has been operating in the Portuguese market for three years and has demonstrated great growth potential. Based in Viseu, a city near Porto, it has appealing products in both the residential and commercial/professional markets. LUZBOA supplies energy, related services and photovoltaic self-consumption.
Management at the Nexus Energía Group explains that “the group’s intention is to expand its marketing portfolio and leverage the synergies associated with joint operations in the Iberian market”.