Grenergy chief executive officer intensifies stake to 54%.

• Spanish renewables designer as well as power producer Grenergy Renovables SL (BME: GRE) on Monday claimed that its CEO David Ruiz de Andres had actually raised his risk in the firm to 54% from 53.3%.

Ruiz de Andres got 200,000 shares for EUR 28.79 (USD 28.39) apiece, spending EUR 5.75 million in the firm he founded back in 2007.

" The firm's magnate thus shows his count on growth, internationalization and also great development of the firm, which has a mounted capacity in operation or building and construction of 1.4 GW as well as a total pipe that already amounting 13 GW in eleven markets," Grenergy said in a statement.

In June this year, Ruiz de Andres participated in Grenergy's EUR-90-million increased resources boost, in which he invested EUR 4 million.