Investor Group to Acquire Energias de Portugal’s Spanish Gas Distribution Network
Lisbon-based Energias de Portugal, S.A. (EDP) has agreed to the main terms of selling its gas distribution subsidiary in Spain, Naturgas Energía Distribución, S.A. (NED) to an investor group, valuing the unit at €2.591 billion. NED is made up of over 1 million supply points of natural gas and liquefied propane gas, located in the regions of the Basque Country, Cantabria and Asturias. NED is the second biggest natural gas distribution network after Gas Natural. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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