Enagás increases its shareholding in two regasification plants
Published by David Rowlands,
Editor
LNG Industry,
Enagás has announced that it has agreed to increase its shareholding in the Sagunto and Quintero LNG regasification plants to 72.5% and 60.4%, respectively.
Acting via its subsidiary – Enagás Transporte – Enagás will acquire the total shareholding (42.5% through its 85% shareholding in Infraestructura de Gas, S.A.) of Unión Fenosa Gas in the Sagunto facility for €106 million. This agreement is subject to a number of conditions, including regulatory approval. It will increase Enagás’ total shareholding in the facility to 72.5%
Acting via its Enagás Chile subsidiary, Enagás will acquire the entire shareholding of Aprovisionadora Global de Energía in GNL Quintero (20%) for US$200 million. Aprovisionadora Global de Energía is a spin-off of Metrogas and one in which Gas Natural Fenosa holds a majority. A deal was originally reached on 9 June for the acquisition of an additional 20% of GNL Quintero from Endesa Chile. Once both of these deals have been completed, Enagás Chile will own an overall shareholding in the facility of 60.4%.
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/regasification/30062016/enagas-increases-its-shareholding-in-two-regasification-plants-2681/
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