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GASNF Naturgy Energy Group SA (PK)

25.19
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Naturgy Energy Group SA (PK) USOTC:GASNF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 25.19 21.94 24.00 0.00 21:05:21

Repsol Confirms CVC Interest in its Gas Natural Stake

10/01/2018 11:16am

Dow Jones News


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By Alberto Delclaux

 

Spain's Repsol SA (REP.MC) said Wednesday that it had received several expressions of interest for its 20% stake in Gas Natural SDG SA (GAS.MC), including one from CVC Capital Partners Ltd (CVC.YY), responding to media speculation over a possible sell-off.

The oil-and-gas company said that the expression of interest from CVC was at a preliminary phase and that no legal or financial advice has been sought or any agreement reached. The company's stake in Gas Natural is valued at 4.2 billion euros ($5 billion) at current market prices, according to FactSet.

In September 2016, Repsol sold a 10% stake in Gas Natural to Global Infrastructure Partners LLC (GIP.XX), which also acquired 10% from other major shareholder Criteria Caixa, holding company of Caixabank SA (CABK.MC).

 

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

 

(END) Dow Jones Newswires

January 10, 2018 06:01 ET (11:01 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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