Spanish savings bank sells 5 pct Enagas stake
MADRID, May 20 (Reuters) - Spanish savings bank Caja del Mediterraneo has sold its 5 percent stake in gas distribution system operator Enagas (ENAG.MC: Quote, Profile, Research, Stock Buzz) in a private placement for 225.6 million euros ($352 million), Citigroup Global markets said on Tuesday.
The deal, carried out by Citigroup, was done at 18.90 euros per share which compares to the Enagas closing share price of 19.41 euros on Monday. (Reporting by Joe Ortiz; Editing by Andrew Hay)
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