History
Main milestones
2005
Q1 – Incorporation of Altri
Altri was incorporated in the first quarter of 2005 as a result of the restructuring process of Cofina through a spin-off of its industrial assets.
Q3 – Acquisition of Celtejo
2005 was also highlighted by the acquisition of 95% of Celtejo, through a public offering. This operation was part of the company’s privatisation process. Total investment amounted to 38 million euros.
2006
January – Acquisition of 50% of EDP Bioeléctrica
The group invested 7.5 million euros in the acquisition of 50% of EDP Bioeléctrica, a strategic and high potential investment focused on biomass power production.
August – Acquisition of Celbi
Altri acquired 100% of Celbi from Stora Enso, a transaction amounting to approximately 430 million euros.
Q3 – Acquisition of increased stake in Celtejo
Also in 2006, Altri acquired an additional 4.45% of the share capital of Celtejo, and now holds 99.45% of Celtejo.
2008
June – Spin-off of FRamada
With the spin-off of FRamda Altri becomes a pure pulp and paper player