Holaluz-Clidom, S.A. (BME:HLZ) agreed to acquire Bulb Energia Iberica Sl from Bulb Energy Limited on December 24, 2021. Holaluz-Clidom will fund the transaction with cash at hand, including using net proceeds for €11.3 million share capital increase it finalised in early November 2021. Holaluz is adding an undisclosed amount per customer based on how many of them Bulb manages to retain between December 31 and the end of the first quarter of 2022.

During this transition, all customers' energy supply will continue to operate as normal. The closing of the acquisition does not hinge on any conditions. Holaluz expects to close the deal on December 30, 2021.

Antonio Herrera Martínez, avier Redonet Sánchez del Campo, Miguel Morales, Alfonso Gutiérrez, Alex Bircham, and David López Velázquez of Uría Menéndez Abogados, S.L.P. acted as legal advisors to Holaluz-Clidom, S.A.. Linklaters LLP acted as legal advisor to Bulb Energy.