INIMATABLE
- From: Vol 12, Issue 11 (November 2011)
- Category: Need to know
- Region: Europe
- Country: Korea (South) and Spain
- Related Companies: Gold Star Engineering and Construction and Inima
Spanish desalter Inima has been sold for €231 million to Korean engineering and construction group Gold Star.
The price represents 1.7 x 2010 sales or 16.2 x EBITDA. The Korean company was attracted by Inima’s presence in Europe and the Americas (which it considered difficult to enter through organic growth), as well as its expertise in developing, building and operating desalination and wastewater treatment plants (GS took the view that references in all three ...
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