Brief: Enagas Reaches Agreement With Germany's Uniper To Buy 20% Of BBL Company

Brisbane Broncos

16/01/2023 07:32

Jan 16 (Reuters) - Enagas SA  ENAG.MC :
    * AGREES TO JOIN EUROPEAN INTERCONNECTOR BBL
    * REACHES AN AGREEMENT TO BUY 20% OF BBL COMPANY, WHICH OWNS
THE
INTERCONNECTION BETWEEN THE UK AND THE NETHERLANDS, FROM UNIPER
    * THIS OPERATION IS PART OF OBJECTIVES OF COMPANY'S
STRATEGIC PLAN
TO CONTRIBUTE TO SECURITY OF SUPPLY IN EUROPE AND
DECARBONIZATION
    * ITS INVESTMENT IN THIS PURCHASE IS APPROXIMATELY 75
MILLION
EUROS, SUBJECT TO COMPLIANCE WITH THE CONDITIONS PRECEDENT
INHERENT TO THIS TYPE OF TRANSACTION
    * FOLLOWING THIS DEAL, SHARE OWNERSHIP OF BBL WILL BE AS
FOLLOWS:
GASUNIE (60%), FLUXYS (20%) AND ENAGAS (20%)
    * FOLLOWING CLOSING OF ACQUISITION, THREE TRANSMISSION
SYSTEM
OPERATORS (TSOS) WILL OWN THIS KEY INFRASTRUCTURE IN EUROPE'S
SECURITY OF SUPPLY

Source text for Eikon:  ID:nCNM242HrZ 
Further company coverage:  ENAG.MC 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))