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Gas Natural SDG SA (GAS.MC)

GAS.MC on Madrid SE C.A.T.S.

19.83EUR
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Gas natural to continue to negotiate with Colombia on Electricaribe
Wednesday, 8 Feb 2017 06:42am EST 

Spain's Gas Natural CEO Rafael Villaseca: Says the company will continue to negotiate with the Colombian government on its unit Electricaribe to avoid taking matters further in international courts .Colombia has taken control of assets owned by the Gas Natural affiliate due to what it claims are risks associated with lack of payment and quality of service.  Full Article

Spain's Gas Natural sees gradual recovery in gas margins in 2017
Wednesday, 8 Feb 2017 03:07am EST 

Spain's Gas Natural Rafael Villaseca: Says he expects a gradual recovery in gas margins in 2017 . Says: "Our forecast is of a small and progressive recovery" after a fall in margins during 2016 and 2015 .Says aims to reduce debt costs by 4 percent in 2017 versus 4.6 percent in 2016.  Full Article

Spain's Gas Natural FY EBITDA down 5.6 percent, in line with expectations
Wednesday, 8 Feb 2017 02:53am EST 

Gas Natural SDG SA : Reports FY EBITDA at 4.97 billion euros ($5.30 billion) versus 4.99 billion euros expected by analysts in Reuters poll . FY net profit 1.35 billion euros versus 1.33 billion euros in Reuters poll . FY net sales 23.18 billion euros versus 26.02 billion euros year ago . Net financial debt 15.42 billion euros at end-Dec., down 1.4 percent versus year ago . Confirms 2017 net profit outlook at between 1.30 billion euros and 1.40 billion euros .To propose complementary dividend of 0.670 euros per share.  Full Article

Gas Natural sells four buildings in Madrid for 206 mln euros
Tuesday, 27 Dec 2016 12:22pm EST 

Gas Natural SDG SA : Says closes sale of four buildings in Madrid for 206 million euros ($215.4 million) . Says one of the buildings was sold to Zambal Spain Socimi SA for 120 million euros, three other buildings were sold to an institutional investor for the total amount of 86.5 million euros .Says obtains net capital gains of about 35 million euros upon the sale.  Full Article

Gas Natural to invest over $178 million in Mexico
Tuesday, 27 Sep 2016 05:15am EDT 

Gas Natural SDG SA (Gas Natural Fenosa) : Said on Monday plans to invest over $178 million by 2020 to expand distribution networks of natural gas in Mexico .Sees to improve the penetration level of natural gas in Mexico from 7 percent to 30 percent.  Full Article

Spain's Repsol confirms mulling stake sale in Gas Natural
Thursday, 1 Sep 2016 07:25am EDT 

Spain's Repsol : Says exploring alternatives around its stake in Gas Natural . Says along with Criteria is talking with various investors on possibility of each selling around 10 percent of the gas company . Says study of disinvestment options in early stages, no decision has been taken as of yet Further company coverage: [REP.MC] (Reporting By Madrid Newsroom) ((jesus.aguado@thomsonreuters.com;)).  Full Article

Spain's Criteria Caixa confirms studying stake sale in Gas Natural
Thursday, 1 Sep 2016 07:25am EDT 

:Spain's Criteria Caixa says along with oil company Repsol is in contact with various investors to each sell 10 percent of Gas Natural Full Article

Gas Natural to invest 0.8 mln euros in renewable energy project in Australia
Tuesday, 30 Aug 2016 08:40am EDT 

Gas Natural SDG SA : Says through the unit Global Power Generation and in collaboration with National University of Australia and ActewAGL Distribution it will develop a pilot project in Australia to connect electricity and gas grids .Says it will invest about 800,000 euros in the project.  Full Article

Gas Natural's GPG wins contract for 91 MW wind farm in Australia
Tuesday, 23 Aug 2016 01:10am EDT 

Gas Natural SDG SA : Says Global Power Generation (GPG) has secured a 20 year term Feed-in Tariff for 91 MW in the Crookwell 2 wind farm project to be built in the state of New South Wales, in the Australian Capital Region (ACR) . The award was announced by the Government of the Australian Capital Territory (ACT) in accordance with the provisions of its Next Generation Renewables Auction launched on April 1 . GPG will invest over AUD 177 million (about EUR 120 million) to build the Crookwell 2 Wind Farm and associated investments in the ACT, and plans to start operations during the second half of 2018 . This will be the first investment of GPG in Australia and the Asia-Pacific region . GPG is 75 percent owned by Gas Natural, the remaining 25 percent ownership being held by the Kuwait Investment Authority (KIA) Further company coverage: [GAS.MC] (Gdynia Newsroom) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)) Keywords: (URGENT).  Full Article

Gas Natural unit wins 858 GWh/year electricity generation contract in Chile
Thursday, 18 Aug 2016 02:55am EDT 

Gas Natural SDG SA : Says through the unit Global Power Generation (GPG) it has won an electricity generation contract in Chile to supply 858 GWh of renewable energy per year .Says the unit will invest 325 million euros ($367.6 million) to develop two projects: a wind farm of 204 MW and a photovoltaic solar plant of 120 MW.  Full Article

More From Around the Web

UPDATE 3-Colombia orders liquidation of Gas Natural's Electricaribe

BOGOTA/MADRID, March 14 Colombia's government regulator said on Tuesday it had ordered the liquidation of Electricaribe, an affiliate of Spain's Gas Natural, but the company had asked Colombia to find a way to allow it to keep trading there.