Repsol and Criteria Caixa to sell Gas Natural assets
Spain GIP is to pay EUR 19 per share for a 20% stake in Gas Natural, whose Monday closing price was EUR 18.51. Repsol and Caixabank will retain stakes of 20% and 24%, respectively.
Repsol and Criteria added they would make a capital gain of EUR 246 million and EUR 218 million from the deal, respectively. The transaction is expected to close by the end of September.
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