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Enagas Increases Its Stake In Teréga By 18% To 49.5% Of Share Capital

By Reuters News

Nov 13 (Reuters) - Enagas SA ENAG.MC:

  • INCREASES ITS STAKE IN TERÉGA BY 18% TO 49.5% OF ITS SHARE CAPITAL

  • DEAL FOR A TOTAL OF 311 MILLION EUROS

  • TRANSACTION IS EXPECTED TO CLOSE BEFORE END OF 2026

  • STAKE WILL CONTINUE TO BE ACCOUNTED FOR USING THE EQUITY METHOD

  • ONCE COMPLETED, TRANSACTION WILL NOT RESULT IN ANY CHANGE OF CONTROL OR MODIFICATION TO GOVERNANCE OF TERÉGA

  • 18% STAKE ACQUIRED FROM EDF INVEST, A DIVISION OF ELECTRICITÉ DE FRANCE SA (EDF)

Further company coverage: ENAG.MC

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