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Iberdrola SA Sells Medgaz Stake To Fluxys Belgium NV For EUR 146 Million-Reuters


Friday, 28 Dec 2012 02:10am EST 

Reuters reported that Iberdrola SA announced that it had agreed to sell its 20 percent stake in the Medgaz pipeline to Fluxys Belgium NV for EUR 146 million (USD 193 million). Iberdrola SA agreed the sale on December 27, 2012. Other shareholders in the Medgaz pipeline, which runs between Algeria and Spain, include oil firm Cepsa and Algeria's state-owned Sonatrach. 

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