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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 | 24.22 | 25.17 | 0.00 | 19:42:51 |
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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