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Zara founder buys 5% stake in Enagás’ hydrogen focused subsidary
Zara founder buys 5% stake in Enagás’ hydrogen focused subsidary

Zara founder buys 5% stake in Enagás’ hydrogen focused subsidary

Amancio Ortega, founder of the fashion retailer, Zara, has acquired a 5% stake in Spanish-based Enagás’ renewables and hydrogen arm, Enagás Renovable, the firm revealed today (July 27).

Purchased through Ortega’s investment branch, Pontegadea, the transaction comes to reinforce Enagás’ 2022-2030 strategic plan to allow new benchmark investors take up stakes in Enagás Renovable.

In February (2022) hydrogen infrastructure fund Hy24, became a shareholder of Enagás Renovable, seeing it take a 30% stake in the Enagás subsidiary through its Clean H2 Infra Fund, with hopes of making the firm an aggregator for green hydrogen hubs in Spain.

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