Brookfield Buys Remaining Interest in Gas Natural Fenosa

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 29.May.2018) ‐- Spain’s Gas Natural Fenosa is finally exiting Colombia.

The company sold 15.46 million shares, representing the remaining 41.89% interest in gas distributor Gas Natural ESP, to Canada’s Brookfield Asset Management, which had officially launched a takeover bid, announced the daily La Republica, citing a report from the Colombian Stock Exchange (BVC by is Spanish acronym).

The total value of the transaction is valued at COL$1.124 billion, according to the daily. With the closing of this deal, Brookfield, which already held a 59.1% interest in Gas Natural Fenosa, will be the outright owner of the company.

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