{"id":23013,"date":"2026-05-14T00:51:17","date_gmt":"2026-05-14T00:51:17","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/23013\/"},"modified":"2026-05-14T00:51:17","modified_gmt":"2026-05-14T00:51:17","slug":"bbva-cib-advises-nostrum-group-on-its-sale-to-iren","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/23013\/","title":{"rendered":"BBVA CIB advises Nostrum Group on its sale to IREN"},"content":{"rendered":"<p>                        <a href=\"https:\/\/capital-riesgo.es\/en\/articles\/-bbva-cib-advises-nostrum-group-on-its-sale-to-iren\/\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" style=\"vertical-align: top\" src=\"https:\/\/www.europesays.com\/spain\/wp-content\/uploads\/2026\/05\/20580bbva_cib_grupo_nostrum_iren_andera_partners.jpg\"\/><\/a><\/p>\n<p style=\"text-align: justify;\">&#13;<br \/>\n\tThe transaction, in which <a href=\"https:\/\/www.bbvacib.com\" target=\"_blank\" rel=\"nofollow noopener\">BBVA Corporate &amp; Investment Banking<\/a> has acted as exclusive financial  advisor to <a href=\"https:\/\/www.linkedin.com\/company\/nostrumgroup\" target=\"_blank\" rel=\"nofollow noopener\">Nostrum<\/a>\u2019s shareholders, <a href=\"https:\/\/www.anderapartners.com\" target=\"_blank\" rel=\"nofollow noopener\">Andera Partners<\/a> and the founder,  represents the entry of <a href=\"https:\/\/iren.com\" target=\"_blank\" rel=\"nofollow noopener\">IREN<\/a> into the European market and reinforces  Spain\u2019s positioning as a digital hub in Europe.&#13;\n<\/p>\n<p style=\"text-align: justify;\">&#13;<br \/>\n\t The agreement will enable the development of a large-scale data centre platform, with 490 MW of secured, grid-connected power in Spain,  together with an additional development pipeline. The transaction also  brings a leading international player into the Spanish market.&#13;\n<\/p>\n<p style=\"text-align: justify;\">&#13;<br \/>\n\t In this process, BBVA has supported Nostrum Group in the structuring and execution of the transaction, helping to align the industrial and financial interests of the parties in a context of strong demand for this type of assets.&#13;\n<\/p>\n<p style=\"text-align: justify;\">&#13;<br \/>\n\t Founded in Spain in 2009 as an engineering company operating in the renewable energy sector, Nostrum Group has evolved into a next-generation data centre development platform,  integrating development, engineering, construction and operations  capabilities. IREN, an Australian company listed on NASDAQ, has  established itself as a vertically integrated AI Cloud provider,  delivering large-scale data centres and GPU clusters for AI training and  inference.&#13;\n<\/p>\n<p style=\"text-align: justify;\">&#13;<br \/>\n\t \u201cThis  transaction reflects how the convergence between energy and digital  infrastructure is reshaping the sector, and highlights the importance of  platforms capable of integrating both dimensions with an industrial and  long-term vision,\u201d said Manuel Franch, Global Sector Co-Head of TMT at BBVA CIB.  \u201cIn this context, we have supported Nostrum in a strategic process that  enables the entry of an international partner with the scale of IREN,  strengthening its development potential in a market with very solid  fundamentals.\u201d&#13;\n<\/p>\n<p style=\"text-align: justify;\">&#13;<br \/>\n\t For his part, Gabriel Nebreda, CEO of Nostrum Group,  stated: \u201cWe are proud to join IREN to accelerate the development of  artificial intelligence infrastructure in Europe. By combining our  strong local execution capabilities with IREN\u2019s vision, expertise, and  global AI platform, we are creating a unique company, well positioned to  meet growing customer demand in Europe. The acquisition of Nostrum  Group highlights the enormous potential of Spain as a Southern European  digital hub, as well as our team\u2019s ability to lead the emerging market  for next-generation digital infrastructure.\u201d&#13;\n<\/p>\n<p style=\"text-align: justify;\">&#13;<br \/>\n\t The transaction reinforces BBVA\u2019s track record in advising on initiatives that connect investment, energy and digital infrastructure, in a context defined by scale and technological transformation.&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; The transaction, in which BBVA Corporate &amp; Investment Banking has acted as exclusive financial advisor to Nostrum\u2019s&hellip;\n","protected":false},"author":2,"featured_media":23014,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[12240,148,1910,12241,12242],"class_list":["post-23013","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bbva","tag-andera-partners","tag-bbva","tag-bbva-corporate-investment-banking","tag-iren","tag-nostrum-group"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/23013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=23013"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/23013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/23014"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=23013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=23013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=23013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}