Gas Natural Sells Stake To Fund Growth

July 2008 | Corporate Financing News Alert

Spain's Gas Natural has agreed to sell a 15% stake in its Mexican subsidiary, Gas Natural México to financial firm Sinca Inbursa.The Carlos Slim-controlled financial will pay EUR47mn (US$74.2mn) for the stake after due diligence is completed and the deal meets regulatory approvals. The transaction will reduce Gas Natural's stake in its Mexican subsidiary to 71.75%.

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