Enagás, via its subsidiary Enagás Transporte, has reached an agreement to acquire the total shareholding (42.5% via its 85% shareholding in Infraestructura de Gas, S.A.) of Unión Fenosa Gas in the Sagunto regasification plant (Saggas) for €106Mn. Under this deal, which is subject to the approval of the regulatory authorities and other conditions applicable to such transactions, Enagás Transport will increase its total shareholding in the plant to 72.5%.

The company, via its subsidiary Enagás Chile, has also reached an agreement to acquire the entire shareholding of the company Aprovisionadora Global de Energía (a spinoff of Metrogas and in which Gas Natural Fenosa holds a majority) in GNL Quintero (20%), for $200Mn. The deal comes off the back of the agreement of 9 June for the acquisition of another 20% of GNL Quintero from Endesa Chile. After completion of these two deals of Enagás in GNL Quintero, which are subject to the possible exercise of pre-emptive rights by other shareholders, Enagás Chile would have a total shareholding in the plant of 60.4%.

These acquisitions, which fit into the company's core business and its targets of profitability and debt-level figures, will allow the Saggas and GNL Quintero plants to find synergies in operation and maintenance with the other terminals operated by Enagás.

About Enagás

Enagás is an international leader in the development and maintenance of gas infrastructure and the operation and management of complex networks gas. It is certified as an independent TSO by the European Union and operates in eight countries.

In Spain, Enagás is the main transporter of natural gas and the Technical System Operator. It has about 11,000 km of pipelines, three underground storage facilities in Serrablo (Huesca), Gaviota (Vizcaya) and Yela (Guadalajara), and four regasification plants. Barcelona, ​​Huelva, Cartagena and Gijón. In addition, it owns 50% of the regasification plant in Bilbao, 30% of Sagunto and 100% of Gascan, the company that developed the project for the construction of two regasification plants in the Canary Islands.