Spanish renewables developer and power producer Grenergy Renovables SL (BME:GRE) on Monday said that its CEO David Ruiz de Andres had raised his stake in the company to 54% from 53.3%.
Ruiz de Andres acquired 200,000 shares for EUR 28.79 (USD 28.39) apiece, investing EUR 5.75 million in the company he founded back in 2007.
“The company's top executive thus shows his trust in growth, internationalization and good progress of the company, which has an installed capacity in operation or construction of 1.4 GW and a total pipeline that already amounting 13 GW in eleven markets,” Grenergy said in a statement.
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