NATURGY ENERGY GROUP

NTGY
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19.855EUR -0.97%

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.

Full story: https://bit.ly/3ma1gQ0

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(END) Dow Jones Newswires

11-25-20 0827ET

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