Magallanes asset manager invests in Ebro EV Motors

BarcelonaThe investment fund manager Magallanes Value Investors has announced its acquisition of a stake in Ebro EV Motors, the company that manufactures cars under the Ebro brand. at the former Nissan plant in the Barcelona Free Trade ZoneAccording to a statement released by the automaker on Thursday, the transaction involves Magallanes acquiring a 3.24% stake in the company's share capital. This stake comes from the founding partners, who facilitated the transaction in proportion to their existing holdings with the strategic objective of bringing in a leading institutional investor. The statement says that Magallanes' entry represents a fundamental milestone for Ebro and supports the company's strategic plan. Furthermore, its arrival coincides with a key operational moment for the company. after the announcement of the first quarter with positive EBITDA (earnings before interest, taxes, depreciation, and amortization). and the progress in the production capacity of the Barcelona Free Trade Zone plant.

Rafael Ruiz, president of Ebro EV Motors, stated in the press release: "It is a great pleasure for us to welcome Magallanes Value Investors. That a manager of their rigor and prestige is investing in Ebro at this stage of growth confirms that we are building a solid, transparent industrial project with the capacity to generate returns."

Magallanes Value Investors is one of the leading independent asset managers in the investment sector. value at a European scale. The firm has over €3.6 billion in assets under management and a solid investor base, and operates under a disciplined, long-term business investment philosophy focused on capital preservation and value creation. With a widely recognized track record, Magallanes has achieved excellent long-term results, outperforming its main benchmark indices and comparables, and receiving numerous national and international awards for consistent performance and the soundness of its investment process.

Ebro EV Motors is an industrial group dedicated to the design, manufacture, and marketing of sustainable vehicles, and the parent company of Ebro SUV, which markets models from the historic Ebro brand. In its first year of production, it launched the s700, s800, and s400 models. The company is committed to producing models powered by clean energy in Spain. The manufacturing of the vehicles is based on the reindustrialization of the historic Nissan plant in the Zona Franca of Barcelona, ​​now Ebro Factory, which is a subsidiary of the group, together with the Montcada i Reixac plant, dedicated to the stamping and welding of metal parts. Ebro EV Motors is listed on the BME Growth. (the Spanish SME stock exchange).