Predict your next investment

Corporation
INDUSTRIAL | Water / Desalination
inima.es

See what CB Insights has to offer

Stage

Acquired | Acquired

Valuation

$0000 

About Inima

Inima operates in the water treatment industry. The company also manages in Carboneras (Spain) one of the desalination plants in Europe and, in Edar del Bes, the thermal drying plant in Europe, and develops projects under these schemes: IWP (Independent Water Project), BOOT (Build, Operate, Own and Transfer), TOT (Transfer, Operate and Transfer), BOO (Build, Operate and Own), as well as any others that require a search for financing or scheme under PPP (Public Private Partnership), participating in every phase of the projects in which it is involved, design and technology, financing, construction, operation and maintenance.

Inima Headquarter Location

Calle Quintanavides, 17.

Madrid, 28050,

Spain

+34 910 505 250

Latest Inima News

GS E&C eyes IPO of its Spanish subsidiary GS Inima on Kospi2021.01.29 14:09

Jan 29, 2021

GS E&C eyes IPO of its Spanish subsidiary GS Inima on Kospi 2021.01.29 14:09:58 | 2021.01.29 14:10:25 Receiver South Korea’s GS Engineering & Construction Co. has embarked on a process to list its water treatment subsidiary in Spain on the nation’s main Kospi bourse to use the proceeds to invest in new businesses. GS E&C named Korea Investment Securities as its lead initial public offering (IPO) underwriter to debut its Spanish subsidiary GS Inima Environment S.A. on the Korean market, according to sources from the investment banking industry on Thursday. It has not set detailed timeline for the company’s market debut because of the difficulties in conducting due diligence in Spain due to the virus outbreak. GS Inima is engaged in seawater desalination and sewage purification business. GS E&C had bought a partial stake in the company in 2012 and purchased the remaining stake two years ago to fully own it. The constructor once considered selling the subsidiary when it went through financial problems, but the business is now regarded as one of the promising future growth drivers of the company. GS Inima posted 287.8 billion won ($257.7 million) in sales and 23.5 billion won in net profit in 2019. From January to September last year, it recorded 222.9 billion won in sales and 22.1 billion won in net income. Its earnings for this year are expected to exceed those for the previous year, market experts estimated. GS E&C hoped to use the IPO proceeds to invest in new businesses including water treatment, housing modular and urban development project in Vietnam. GS Inima is likely to go public on the Kospi market through a special purpose company just like LS Cable & System Asia and Doosan Bobcat debuted on the Kospi in 2016. Market analysts value GS Inima at around 1 trillion won given the domestic market’s high appreciation in builders engaging in the water treatment business. Korea Investment Securities reportedly valued the company at 1.5 trillion won, according to sources. By Kang Woo-seok and Choi Mira FRI

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.