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Gas Natural SDG reaches agreement to sell Gas Natural Fenosa Telecomunicaciones to Cinven

Monday, 9 Jun 2014 02:34am EDT 

Gas Natural SDG SA:Says on June 9 it reached agreement to sell its subsidiary, Gas Natural Fenosa Telecomunicaciones (GNFT), to Cinven.Transaction value 510 million euros.Transaction is expected to be closed within next 60 days.Transactiom to generate estimated gain of about 250 million euros for company. 

Company Quote

0.185 +0.91%
11:12am EDT