|Real-time Estimate - 01/18 11:38:01 am|
Naturgy Energy Close to Selling UFG Stake to Eni -El Confidencial
|11/25/2020 | 08:28am|
--Naturgy Energy Group SA is close to selling its 50% stake in Union Fenosa Gas SA to its joint-venture partner Eni SpA, El Confidencial reports, citing sources close to the matter.
--Talks were resumed after a deal fell through earlier this year and the required authorizations could now be imminent, according to the Spanish news outlet.
--Union Fenosa Gas has an 80% participation in the Damietta plant, a shuttered liquefaction plant in northern Egypt that has been at the center of a series of disputes with the Egyptian government.
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(END) Dow Jones Newswires