The RAR Group has sold its stake as sole shareholder in Imperial to the investment fund, Vallis Sustainable Investments I. This operation is part of a process of appraisal and reallocation of the Group’s assets.
The RAR Group’s EBITDA increased by 10% in 2014 to €54 million, according to the Group’s Annual Report and Accounts released today. Turnover totalled €976 million and the Group’s net profit attributable to the parent company was €2.5 million.
The RAR Group has carried out an asset reorganisation operation in order to concentrate its investments in the most strategic companies. As an immediate result of this rearrangement, the entire operation of Colep in Brazil has been acquired and the shareholder position held in GeoStar sold.
The RAR Group has stepped up its internationalisation strategy with the expansion of its operations in the Americas, the Middle East and Asia. In 2013 it posted turnover of 968 million euros and operating profit of 20 million euros, an improvement of 15% on 2012. At the end of the year foreign markets accounted for over 65% of the Group?s total consolidated sales.