Europétrole, le portail de l'industrie du pétrole
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • The Board of Gas Natural Fenosa approved Sonatrach's entry in the company's share capital with a 3.85% shareholding
    édité le 19/06/2011 - Plus de news de "Naturgy" - Voir la fiche entreprise de "Naturgy"

The Board of Gas Natural Fenosa approved Sonatrach's entry in the company's share capital with a 3.85% shareholding
n their regular meeting, the Board of Directors of GAS NATURAL FENOSA, chaired by Mr Salvador Gabarró, unanimously approved an increase in share capital with the exclusion of the preferential subscription rights that will enable the Algerian Sonatrach to enter in the company's capital with a shareholding of 3.85%.

The agreement involves the issuance of 38,183,600 new shares with a price of 13.4806 euros each, whereby Sonatrach will make cash payment in the total amount of 514,737,838.16 euros.

The operation does not involve the appointment of any representative of the Algerian company to the Board of the Spanish company.

The capital increase and consequent participation of Sonatrach as a minority shareholder in GAS NATURAL FENOSA will be executed once the corresponding approvals by the Algerian authorities have been obtained.

An operation within the framework of the set of agreements signed this week

The operation comes within the framework of the set of agreements signed this week between both companies. The agreements reached and announced on 14th June this year included, among others, the possibility of Sonatrach's acquisition of a minority shareholding, just as both parties have approved today.

GAS NATURAL FENOSA and Sonatrach have resolved the differences they maintained following the August 2010 arbitration ruling, concerning the price to be applied to the gas supply contracts and have agreed to drop all the price review procedures currently underway, including the appeal to the Swiss Federal Court.

A positive impact of around 1,000 million euros on equity

The purchase of 3.85% of the share capital of GAS NATURAL FENOSA by Sonatrach, together with the successful execution of the scrip dividend that was completed this week with an acceptance level of 96.39%, has represented a positive impact on the company's equity in the order of 1,000 million euros.

Origine : Communiqué Naturgy

Voir la fiche entreprise de "Naturgy"

Les dernières news de "Naturgy"

Rechercher une news

française internationale

Les dernières news internationales

>> Toute l'actualité internationale     >> RSS
Recherche de news par tags

abu-dhabi acquisition adnoc aker-bp aker-solutions algeria algerie algerie alstom anadarko angola apache australia axens baker-hughes bechtel bg-group bp brazil canada carburant cbi cgg cheniere chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt engie engineering eni equinor equinor exxonmobil feed flng fluor fluxys foster-wheeler fpso france fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge germany gnl gtt gulf-of-mexico guyana hess hydrogen india indonesia ineos inpex iraq italy kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mexico mozambique natural-gas neptune-energy nigeria nigeria north-sea norway novatek offshore omv opec pemex petrobras petrofac petronas pgnig pipeline platform poland production qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-arabia saudi-aramco schlumberger seismic selling senegal shale-gas shell socar sonatrach statoil subsea subsea-7 survey technip technipfmc texas total totalenergies tullow turbine uae ufip uk us vopak well wintershall wintershall-dea wood-group woodside

Europétrole © 2003 - 2023