Brief: Enagas Agrees With Axpo To Buy 4% Stake In Trans Adriatic Pipeline For 168 Mln Euros

Fluxys Belgium SA

27/01/2023 06:49

(Repeats for wider distribution)
       Jan 27 (Reuters) - Enagas SA  ENAG.MC :
    * INCREASES ITS STAKE IN TRANS ADRIATIC PIPELINE (TAP) TO
20%
    * HAS AGREED WITH SWISS COMPANY AXPO TO PURCHASE 4% STAKE IN
TRANS
ADRIATIC PIPELINE (TAP) FOR 168 MILLION EUROS, PERCENTAGE THAT
IS ADDED TO 16% THAT IT ALREADY OWNS IN TAP
    * AFTER CLOSING OF ACQUISITION, SHAREHOLDING COMPOSITION OF
TAP
WILL REMAIN WITH 20% PARTICIPATION OF ENAGAS, SAME PERCENTAGE AS
BRITISH COMPANY BP, AZERI COMPANY SOCAR, ITALY'S SNAM AND
BELGIUM'S FLUXYS
    * BELGIUM'S FLUXYS HAS ALSO ACHIEVED THIS PERCENTAGE
FOLLOWING AN
AGREEMENT TO ACQUIRE A 1% STAKE FROM AXPO
    * OPERATION IS PART OF WHAT WAS ANNOUNCED BY COMPANY IN ITS
2022-2030 STRATEGIC PLAN

Source text for Eikon:  ID:nCNMbhQmyp 
Further company coverage:  ENAG.MC 
 (Gdansk Newsroom)
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