CastiCapital, the investment vehicle led by Canary businessman Pedro A. del Castillo, announced today at the Spanish Stock Exchange Commission of 3.4% holding in the capital of Natra.
Since November 2009, when the investment company went public with the acquisition of 1% of the chocolate multinational, Del Castillo family has been gradually increasing its stake in the company, to 1.6 million shares, representing 3.4% of Natra.
Pedro A. del Castillo is a shareholder and chairman of the regional airline Binter Canarias -recently awarded the prize for best European regional airline- and holds positions in several listed and private Spanish companies, in the hotel, biotechnology and financial sectors.
Following that communication, Pedro A. del Castillo said: "We decided to enter the capital of Natra during the economic crisis, attracted by the lure of a consolidated industry and a company with a very interesting strategic position in the private label in Europe. Natra’s financial stability after the long-term refinancing of its debt and the significant appreciation in the stock market some of its main assets, along with the punishment that the share has suffered in recent months, have led us to increase by more than 2% our shareholder position in the company."