Brief: Enagas And OMERS Infrastructure Close Joint Sale Of Their Stakes In GNL Quintero

Fluxys Belgium SA

21/07/2022 07:19

July 21 (Reuters) - Enagas SA  ENAG.MC :
    * ENAGAS AND OMERS INFRASTRUCTURE CLOSE THE JOINT SALE OF
THEIR
RESPECTIVE STAKES IN THE CHILEAN COMPANY GNL QUINTERO, S.A.
    * ENAGAS AND OMERS INFRASTRUCTURE HAVE TRANSFERRED OWNERSHIP
OF
THEIR RESPECTIVE STAKES, WHICH TOGETHER REPRESENT 80% OF THE
GNLQ SHARE CAPITAL, TO CONSORTIUM FORMED BY EIG AND FLUXYS
    * PRICE RECEIVED BY ENAGAS IN THIS TRANSACTION TOTALS 655
MILLION
USD (APPROXIMATELY 639 MILLION EUROS AT CURRENT EXCHANGE RATES)
    * SALE WILL MEAN NET CAPITAL GAINS FOR ENAGAS OF AROUND 135
MILLION EUROS
    * SALE IS PART OF ASSET ROTATION PROCESS ANNOUNCED BY
ENAGÁS,
WHOSE STRATEGIC PRIORITIES ARE SECURITY OF SUPPLY IN SPAIN AND
EUROPE, AS WELL AS DECARBONISATION

Source text for Eikon:  ID:nCNM62VMRQ 
Further company coverage:  ENAG.MC 

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