Deals
GIP to Acquire $4.3 Billion Stake in Spain’s Gas Natural
- GIP buys 20% stake in Gas Natural from Repsol, Criteria Caixa
- Repsol sees capital gain from sale of about 246 million euros
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Global Infrastructure Partners agreed to buy a 20 percent stake in Spain’s Gas Natural SDG SA for 3.8 billion euros ($4.3 billion) from shareholders Repsol SA and Criteria Caixa.
Repsol, Spain’s biggest oil company, and Criteria each sold 10 percent stakes in the natural gas distributor for 19 euros a share, according to a statement from Madrid-based Repsol on late Monday. Repsol said it would see a capital gain from the sale of about 246 million euros and Criteria said it would make 218 million euros.