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.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...