September 2003: Following its minority investment in Hidronorte in 2001, and in accordance with the Business Plan drawn up by SOCIOS, Guadalmancha takes control of Hidronorte, S.A. by virtue of two share capital increases to fund investments in the core business.

Upon completion of these transactions, Guadalmancha, S.A. – owned by Belgian group Sapec and the Castilla La Mancha Savings Bank – brings together its various investments in the renewable energy sector to create Grupo Naturener, one of the principal Spanish companies of the sector.

SOCIOS acts as advisor to the investors throughout the process and facilitates the creation of Naturener.