Apr 21, 2010. /Lesprom Network/. Inapa signed an agreement with Burgo Group for the purchase of its paper merchanting business in the Spanish market denominated Ebix. Closing is subject to standard pre-conditions in this type of transaction and it is expected it could take place until June 30, 2010, company said in a statement received by Lesprom Network. The Spanish market is one of Inapa 's core markets, in which has a market share near to 10% with a turnover of about Euro 43 million, based in a logistics network of 17,000 square metres in Madrid, Barcelona, Bilbao, and Seville through its subsidiary Surpapel. Burgoґs merchanting business in Spain, has a turnover of Euro 50 million. This transaction should enable Inapa to achieve a market share in the Spanish market near to 20%, with an estimated annual turnover over Euro 95 million being the third largest paper merchant in Spain. The acquisition of Burgoґs business in Spain includes the customer base, inventories, employees and trademarks. Contingencies, namely fiscal, prior to the closing will be fully and solely borne by the Burgo Group. The acquisition will involve a slight increase in financial debt, without a relevant change in the Inapa’s indebtness ratios.