Spanish multinational company Abengoa has completed the sale of 100% of its subsidiary, Befesa, an industrial waste unit, to Triton funds for €331m.
The sale transaction has been completed following the approval by competition authorities, the company said.
According to the company, this transaction is a major step in its strategy to focus on its core activities, including the engineering, development and operation of solar-thermal plants, water desalination plants, transmission lines and biofuels production plants.
Befesa is an international firm that specializes in the integral management of industrial waste, with plants across Germany, Spain, United Kingdom, France, Sweden, Turkey and South Korea, as well as Chile, Argentina and Peru.
Abengoa provides technology solutions for sustainable development in the energy and environment sectors in Spain and internationally.