BlackRock Fund Joins Naturgy in Medgaz Stake Takeover
April 02 2020 - 4:13AM
Dow Jones News
By Kim Richters
Naturgy Energy Group SA said Thursday that it is teaming up with
BlackRock Inc.'s Global Energy & Power Infrastructure Fund for
its takeover of a 34.05% stake in gas pipeline project Medgaz.
The investor's fund will acquire 50% of the special purpose
vehicle through which the Spanish energy company had agreed to
acquire the Medgaz stake.
Naturgy had agreed to buy the stake in Medgaz from CEPSA Holding
LLC, a subsidiary of Mubadala Investment Co., for 445 million euros
($487.9 million) in October.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
April 02, 2020 03:58 ET (07:58 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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