Duet Private Equity €141 million acquisition of Red Union Fenosa / GNF Moldova

Overview:

• Duet Private Equity has announced that it will acquire a 100% stake in Red Unión Fenosa and Gas Natural Fenosa Furnizare Energie (GNF Moldova), through one of investment SPVs, for €141 million.
• Gas Natural is an operator in the electricity distribution and supply sector in Moldova. The company now holds a 70% market share in electricity distribution in the country, and provides service for two-thirds of the population.