Corporación Masaveu
Also known as Corporación Masaveu, S.A., Grupo Masaveu
Asturian family business group (founded 1840) of the Masaveu family: cement, wineries, parking, real estate, healthcare and renewables, plus stakes in Bankinter, EDP and other listed firms.
USEFUL FOR Co-investors
Family & background
- FAMILY
- Masaveu
- WEALTH ORIGIN
- Family business group founded in 1840 in Asturias; cement (Cementos Tudela Veguín, created 1898), later wineries, real estate, banking and energy stakes
- HEADQUARTERS
- Spain
- FOUNDED
- 1840
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- GEOGRAPHY
- SpainPortugalUnited States
- ROUTES
- Companies (own capital)
- STRATEGIES
- Direct investmentsPublic equitiesReal estate
Overview
Corporación Masaveu is an Asturian family business group whose history dates to 1840; it reports about 1,600 employees, seven business lines and subsidiaries in six countries. Its operating businesses include Cementos Tudela Veguín and related building-materials companies, five wineries, eleven car parks, Masaveu Inmobiliaria, the Centro Médico de Asturias and renewable plants in the US and Portugal, plus office buildings in Washington, Houston, Dallas and Miami. The group describes its interests as concentrated in banking and energy: it holds a significant stake in EDP through Oppidum Capital (56% owned) and stakes in listed banks, and per its 2025 annual report (as reported by The Objective) holds financial assets of €766M, including just over 5% of Bankinter and positions in Línea Directa, Logista, Redes Energéticas Nacionais, Unicaja and Banco Santander. In November 2023 it agreed to acquire 50% of the Aboño thermal power plant from EDP.
Holdings & investments (12)
INVESTMENT ARMS & VEHICLES
- Oppidum Capital, S.L.Company, 56% owned by Corporación Masaveu, through which the group holds its stake in Energias de Portugal (EDP)
- Oppidum Renewables / Oppidum Green EnergySubsidiaries through which the group invests in solar and wind assets in the United States and Portugal
- Masaveu Real Estate USUS subsidiary that holds the group's office buildings in Washington, Houston, Dallas and Miami
- Holding through which the group channels its investments in healthcare (majority of Medicina Asturiana, owner of Centro Médico de Asturias)
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- Cementos Tudela VeguínNOTABLEIndustrial & Manufacturing · since 1898
- Bankinter (just over 5%)NOTABLE
- Energias de Portugal – EDP (more than 7%, via Oppidum Capital)NOTABLEClimate & Energy · since 2013
- Aboño thermal power plant (50%)Climate & Energy · since 2023
- Agrocortex Florestas do Brasil (significant stake)Climate & Energy · since 2014
- Línea Directa Aseguradora (more than 5%)
- Banco Santander (reduced in 2025)
- Logista
- Redes Energéticas Nacionais (REN)
- EGEO (Portugal, waste management)Climate & Energy
- Bodegas Murua, Fillaboa, Pagos de Aráiz, Leda and Llagares Valverán (wineries)Food & Agriculture
People
- Fernando MasaveuChairman · source
Frequently asked questions
Corporación Masaveu is a family holding based in Spain, founded in 1840.
Corporación Masaveu invests on behalf of the Masaveu family (Family business group founded in 1840 in Asturias; cement (Cementos Tudela Veguín, created 1898), later wineries, real estate, banking and energy stakes).
Corporación Masaveu invests its own capital into companies. Its stated asset mix includes direct investments, public equities and real estate.
Corporación Masaveu invests in Industrial & Manufacturing, Real Estate & PropTech, Food & Agriculture and Climate & Energy.
Key people at Corporación Masaveu include Fernando Masaveu (Chairman).
Corporación Masaveu's holdings and investments include Cementos Tudela Veguín, Bankinter (just over 5%), Energias de Portugal – EDP (more than 7%, via Oppidum Capital), Línea Directa Aseguradora (more than 5%), Banco Santander (reduced in 2025), Logista, Redes Energéticas Nacionais (REN) and Agrocortex Florestas do Brasil (significant stake), among others.
The most recent publicly reported investment by Corporación Masaveu is Aboño thermal power plant (50%, from EDP) (Acquisition), announced in Nov 2023.
No. Corporación Masaveu invests its own capital and does not raise money from outside investors.