Rioja Energy Firm Aresol Acquires 5% Stake in Drone Maker Miriad Global

✦ Meridian Analysis

Aresol, the Riojan renewable‑energy group owned by brothers Joaquín and Raúl Sáenz, has signed a transaction to acquire a 5 % equity stake in drone and interceptor manufacturer Miriad Global. The shares were purchased from Fundación Funditec, which previously held half of Miriad’s capital, while the remaining shareholders each control 10 % (Antonio Navarro, Juan M. Joaquim, Raquel Rodríguez, Javier Robles and José Molins). The deal, advised by law firm Broseta, also grants Aresol a board seat and an option to acquire an additional 5 % of the company, though the price for either tranche was not disclosed. In parallel, the Sáenz brothers will channel their investment platform Renertia Investment into a new €100 million vehicle aimed at financing defence‑related projects, including the construction of a 3‑D metal‑printing plant for serial production of turbojets for Miriad’s drones. The plant’s location is still under review, with several autonomous communities expressing interest, and the vehicle is expected to support both industrial capacity expansion and future M&A activity. Deal professionals will be looking for the undisclosed valuation and the timeline for exercising the additional 5 % option and finalising the factory site. Information on co‑investors, the exact composition of the vehicle’s capital structure and any required antitrust or foreign‑investment clearances has not yet been made public.

The Meridian Weekly