Macquarie Infrastructure and Real Assets (MIRA) has acquired the remaining 40% stake it doesn’t already own in Spanish utility Viesgo.

MIRA – which holds a 60% stake through its managed funds – has exercised an existing pre-emption right to buy Wren House Infrastructure’s 40% stake in Viesgo for an undisclosed sum.

The deal is expected to be completed by the second quarter of this year following the necessary regulatory approvals.

Wren House and MIRA have been invested in the electricity distributor since 2015.