Gamesa sells its company Wind to Market S.A. to CIMD, S.A., the holding company of the group containing InterMoney Energía S.A, an independent company specialising in representing installations and in intermediation in the energy markets.
The CIMD Group, Corretaje e Información Monetaria y de Divisas, S.A., owner of InterMoney Energía, S.A., has finalised the acquisition of Gamesa's activities representing wind installations in the Spanish electricity market, which it carried out through its company, Wind to Market.
The transaction guarantees the customers and investors in wind energy the existence of an independent agent, dedicated to act exclusively on behalf of third parties and with proven intermediation experience in different physical and financial markets.
InterMoney Energía S.A. is the CIMD Group company specialising in the Spanish and international energy derivatives markets. It offers advisory services and analysis of the energy markets as well as acting as representing agent for electricity production installations. With this transaction it increases its wind installations portfolio, thus strengthening its leadership.
Wind to Market, S.A. has successfully operated in the electricity market for more than two years and has a commercial portfolio greater than 1100 MW from wind power, now to be combined with the MW of the InterMoney Energía, S.A. portfolio, thus forming a solid group that guarantees services in the conditions that the market demands.
CIMD Group Communications Area
Madrid, 4th May 2006