• Enagás has met its targets for the seventh consecutive year thanks to its ability to think ahead, prudent management and the steadfast commitment of its professionals
• Llardén emphasised that international investors, whom he has met in recent weeks, have significantly changed their perception of Spain, underlining that the recovery of our economy is being recognised by the markets
• Enagás will continue to prioritise its Spanish regulated business whilst pressing ahead with its international expansion
• The Company announced yesterday that it has completed the acquisition of 22.38% of Transportadora de Gas de Perú (TgP) from Hunt and Repsol along with the deal to sell 2.38% of TgP to the Canada Pension Plan Investment Board (CPPIB) and to acquire 30% of Compañía Operadora de Gas del Amazonas (Coga). Enagás is now co-owner of Peru's main gas transmission company and becomes an active operator in the country
The Chairman of Enagás, Antonio Llardén, today presided over the General Shareholders' Meeting, which approved the financial statements, the 2013 management report and all resolutions on the agenda.
During the Meeting, the Chairman and the Chief Executive Officer, Marcelino Oreja, reviewed the Company's performance in 2013 and the key strategic lines for the coming years.
During his speech, Llardén reminded shareholders that Enagás met all its targets for the seventh consecutive year thanks to its ability to think ahead, prudent management and the steadfast commitment of its professionals. In this context, he pointed out that Enagás has invested €5Bn and paid a dividend of €1.5Bn since the launch of the Strategic Plan in 2007.
The Chief Executive Officer, Marcelino Oreja, said that the company had surpassed its targets yet again by keeping a tight grip on operating costs, improving average borrowing costs and thanks to the contribution of acquisitions. In this regard, he said that in 2013 “international acquisitions accounted for approximately 30% of the growth in our net profit.”.
