Gas Natural Reportedly Looking to Acquire Stake in Distrigaz
Posted on: Friday, 9 November 2007, 12:00 CST
Spanish utility Gas Natural is looking to bid for a majority stake in Belgian utility Distrigaz, according to Thomson Financial, citing Belgian press reports.
Distrigaz needs to be divested from French company Suez before the proposed Suez and Gaz de France merger can take place according to the European Commission's anti-trust regulations. Gas Natural could be looking at acquiring Suez's approximately 60% stake in Distrigaz.
According to Thompson Financial, Rafael Villaseca, CEO of Gas Natural, commented: "We will study that in detail, that's certain."
The publication said that E.ON, RWE, Electricite de France, Centrica and Enel have also all shown interest in acquiring the Distrigaz stake.
Source: Datamonitor
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