• Enagás has agreed to acquire a 42.5% shareholding in the Sagunto regasification plant, via its subsidiary Enagás Transporte.
• The company has also reached an agreement to acquire an additional 20% of the Quintero LNG regasification plant, via its subsidiary Enagás Chile.
• These acquisitions, which are subject to the conditions applicable to such transactions, fit into the core business of the company and its target profitability and debt-level figures.
Enagás, via its subsidiary Enagás Transporte, has reached an agreement to acquire the total shareholding (42.5% via its 85% shareholding in Infraestructura de Gas, S.A.) of Unión Fenosa Gas in the Sagunto regasification plant (Saggas) for €106Mn. Under this deal, which is subject to the approval of the regulatory authorities and other conditions applicable to such transactions, Enagás Transport will increase its total shareholding in the plant to 72.5%.
The company, via its subsidiary Enagás Chile, has also reached an agreement to acquire the entire shareholding of the company Aprovisionadora Global de Energía (a spinoff of Metrogas and in which Gas Natural Fenosa holds a majority) in GNL Quintero (20%), for $200Mn. The deal comes off the back of the agreement of 9 June for the acquisition of another 20% of GNL Quintero from Endesa Chile. After completion of these two deals of Enagás in GNL Quintero, which are subject to the possible exercise of pre-emptive rights by other shareholders, Enagás Chile would have a total shareholding in the plant of 60.4%.
These acquisitions, which fit into the company's core business and its targets of profitability and debt-level figures, will allow the Saggas and GNL Quintero plants to find synergies in operation and maintenance with the other terminals operated by Enagás.