Sherpa Capital has signed today the purchase agreement of three business units of Cegasa (energy systems, fabrication of manganese and energy and light commercialisation), following the reception by the insolvency administrator of the authorisation from the Victoria Commercial Court 1 (Juzgado de lo Mercantil número 1 de Vitoria) last December.
Consequently, as it had been agreed previously, 131 jobs will be maintained. Those employees’ professional categories, conditions and seniority will be preserved.
According to Eduardo Navarro, Chairman of Sherpa, “this operation enables to maintain a series of work positions which would have certainly disappeared otherwise”. We are satisfied for this and because we believe that the assets acquired have a considerable development potential once the appropriate investments are made”.