Global Infrastructure Partners €3.4 billion acquisition of Gas Natural Fenosa

Overview:

• US based fund Global Infrastructure Partners has announced the €3.4 billion acquisition of a 20% stake in Gas Natural Fenosa, the Spanish utility.
• The fund is purchasing the shares at €19 a share from Spanish bank Caixabank's holding company Criteria Caixa and energy company Repsol. 
• Criteria and Repsol will both remain shareholders of the utility following the sale. 

John Crabb - Journalist