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Gas Natural Sdg SA Wins Contract To Operate Power Plants In Panama Over Next 15 Years; To Hold 51% In Edemet And Edechi-Reuters


Wednesday, 14 Aug 2013 11:57am EDT 

Reuters reported that Gas Natural Sdg SA has won a contract to operate two power companies in Panama over the next 15 years. The investment value will be EUR 230 million. In a note to the Spanish regulator, the Company said that it will maintain the operation of the distributors Edemet and Edechi that serve more than 500,000 customers. Gas Natural Sdg SA will hold 51% of the shares of the aforementioned companies, while the Panamanian government will hold 48% and the minority investors the remaining 1%. 

Company Quote

22.75
0.505 +2.27%
11:35am EDT