PRINT THIS PAGE CVC Capital sells stake in Spanish Inalta to Red Electrica for E739m17/02/2005. Source: AltAssets. 
 European buy-out firm CVC has sold its 75 per cent stake in Spanish Infraestructuras de Alta Tension to partially state-owned power transmission and operation specialist Red Electrica de Espana for E739m, according to the Financial Times.
Inalta owns and manages a high-voltage electricity transmission network in Spain.
CVC acquired its stake in December 2002 after it had outbid Red Electrica, which was left with a 25 per cent stake in Inalta.
CVC specialises in large-scale leveraged buy-outs and currently has total funds of over $9bn under management. The firm is expected to launch a new fund at some point over the next 12 months that could be in the region of €5bn.
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