Naturgy Energy Close to Selling UFG Stake to Eni -El Confidencial
November 25 2020 - 8:42AM
Dow Jones News
--Naturgy Energy Group SA is close to selling its 50% stake in
Union Fenosa Gas SA to its joint-venture partner Eni SpA, El
Confidencial reports, citing sources close to the matter.
--Talks were resumed after a deal fell through earlier this year
and the required authorizations could now be imminent, according to
the Spanish news outlet.
--Union Fenosa Gas has an 80% participation in the Damietta
plant, a shuttered liquefaction plant in northern Egypt that has
been at the center of a series of disputes with the Egyptian
government.
Full story: https://bit.ly/3ma1gQ0
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(END) Dow Jones Newswires
November 25, 2020 08:27 ET (13:27 GMT)
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