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Gas Natural SDG SA (GAS.MC)

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

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Latest Key Developments (Source: Significant Developments)

Gas Natural issues bonds for 1 billion euros with 1.125 pct coupon
1:24am EDT 

Gas Natural SDG SA : Said on Tuesday it closed a bonds issue for 1 billion euros ($1.08 billion) at 1.125 percent coupon for seven years . Issue price of the bonds was set at 99.466 percent of their nominal value . Bonds were issued as part of Euro Medium Term Notes (EMTN) program . The auction attracted total demand exceeding 3 billion euros, received orders from over 230 institutional investors from 34 countries . Citigroup launched a tender offer worth up to 1 billion euros for Gas Natural bonds with maturity dates ranging between 2018 and 2021 .Result of the tender will be known on April 5.  Full Article

Gas Natural launches offer to repurchase bonds for up to 1.00 bln euros
Tuesday, 28 Mar 2017 03:31am EDT 

Gas Natural SDG SA :Launches offer to repurchase bonds for up to 1.00 billion euros ($1.09 billion).  Full Article

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

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