Trilantic Europe has acquired Abengoa’s European bioethanol plants in a €140m deal.

The assets acquired comprise three plants in Spain (Cartagena, La Coruña and Salamanca) and one in France (Lacq).

The Spanish energy business is selling the sites as part of an ongoing divestment plan. It has already shed UAE-based solar thermal plant Shams-1, Uruguayan wind farm Campo Palomas and fibre services subsidiary Abentel.

Last month Trilantic took a stake in Ibiza nightclub institution Pacha.