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Enagás raises its stake in France's Teréga to 49.5% after buying 18% from EDF for 311 million

FinanceInternationalLa VanguardiaAI summary
Image: La Vanguardia

Enagás, through its subsidiary Enagás Internacional, signed an agreement with EDF Invest to acquire an 18% stake in France's Teréga for 311 million euros. Together with the 31.5% it bought from GIC in July, the group raises its stake to 49.5% of the capital. The remainder is split between Italy's Snam (40.5%) and Predica, a Crédit Agricole Assurances subsidiary (10%). Enagás expects to close the deal before the end of 2026 and the acquisition will not change control or governance at Teréga.

In 35 seconds

  • Enagás buys an 18% stake in Teréga from EDF Invest for 311 million euros
  • With the 31.5% acquired from GIC in July, Enagás reaches 49.5% of the capital
  • Snam keeps 40.5% and Predica the remaining 10%
Read the full story at La Vanguardia

IASummary generated by artificial intelligence from a story by La Vanguardia. It may contain errors: the original source prevails.

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