The Basque Government confirms Aernnova’s offer to buy ITP Aero.
The Minister of Economic Development, Sustainability and Environment of the Basque Government, Arantxa Tapia, has confirmed that Aernnova has presented a binding offer for the purchase of ITP Aero and has shown the willingness of the regional Executive to enter the shareholding of the company to guarantee the roots in the Basque Country.
The counselor made these statements upon arrival at the control panel of the Basque Parliament, where she recalled that her department has been in direct contact with Rolls Royce, owner of ITP Aero since 2020, to find out about their wishes, contacts that they have also maintained with the Ministry of Industry and with “all those who have approached to propose a project”.
It has confirmed that Aernnova has launched a binding offer on the company and has explained that it is possible that there could be more interested companies , with Basque participation in some of the offers, although it has said that it is completely unaware of this aspect.
Tapia explained that his department has transferred to Aernnova the willingness of the Basque Government to enter the shareholding of the company and has indicated that in principle this firm “has not put obstacles”.
Ticket with conditions
However, it has specified that the entry into the shareholding is conditional on knowing the industrial project that is presented and has said that for it to be carried out it is “essential that not only the headquarters are maintained in Euskadi, but also the productive plants with their growth , with its possibilities and with its level of employment “. “May it continue to be a Basque company as it is at the moment,” he warned.
The will of the Executive of Iñigo Urkullu is to take part in the capital to achieve these objectives, although it has been aware that achieving “100% Basque capital is going to be practically impossible, even a majority is also quite complicated”, but has committed to “having a sufficient participation that guarantees through a partner agreement” the roots and the maintenance of the activity, which “is possible”.
