Naturgy and Sonatrach to buy Mubadala's Medgaz stake

In:

Oil & gas

Region:

Europe , Middle East & Africa

Naturgy and Sonatrach have entered into an agreement with Mubadala to buy its 42.09% stake in Medgaz. Naturgy will acquire a 34.05% stake for €445 million through a special purpose vehicle that will be funded with a non-recourse loan of €260 million to optimize its capital structure. The...

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