UFD, the Naturgy Group electricity, will invest €1.33 billion up to 2028 to strengthen and digitalise its electricity grid in Spain. The aim of these investments is to improve the service offered to its customers and to promote the development of the energy transition, as established in the new Strategic Plan approved by Naturgy.
Through Gas Natural Distribución Latinoamérica, GAS NATURAL FENOSA has agreed the sale of its 59.1% stake in GAS NATURAL S.A. ESP to the Canadian fund Brookfield Infrastructure (“BROOKFIELD”), a Colombian company dedicated to gas distribution and retail supply, by means of a process that will also allow minority shareholders to benefit from the offer at the same price as its shares.
Earlier today, GAS NATURAL FENOSA closed a bond issue worth 800 million euros that will mature in May 2025. The issue set an annual dividend of 0.875%. The issue price of the new bonds is 99.77% of their face value.
GAS NATURAL FENOSA obtained a net profit of 793 million euros in the first nine months of 2017, 14.7% less than the same period from the previous year, while the EBITDA stood at 3.14 billion euros, down 7.4% on the period January-September 2016.
GAS NATURAL FENOSA closed the sale of its companies and assets in Italy today in separate agreements with the companies 2i Rete Gas S.p.A. and Edison S.p.A. for a total amount of 1.02 billion euros.
Gas Natural Fenosa has signed an agreement to sell a minority stake of 20% in the company that owns the natural gas distribution assets in Spain (GNDB) to a consortium of long-term infrastructure investors made up by Allianz Capital Partners (ACP) and Canada Pension Plan Investment Board (CPPIB).
Through Gas Natural Fenosa Renovables, GAS NATURAL FENOSA has been awarded a total of 250 MW of photovoltaic energy at the renewable energy auction organised by the Government, in which it plans to invest up to 165 million euros during 2017-2019.
The Chairman of GAS NATURAL FENOSA, Isidro Fainé, and the Chairman of SEAT, Luca de Meo, signed a strategic agreement between the two companies earlier today aimed at promoting joint innovation projects and spreading the use of natural gas in the Spanish mobility sector.
The General Manager of Communication and Institutional Relations of GAS NATURAL FENOSA, Jordi Garcia Tabernero, the General Manager of the Gas Natural Fenosa Foundation, Martí Solà, and the President of Cáritas, Manuel Bretón, signed a partnership agreement to help groups affected by energy vulnerability in Spain.
Earlier today, the General Manager of Communication and Institutional Relations of GAS NATURAL FENOSA, Jordi Garcia Tabernero, the General Manager of the Gas Natural Fenosa Foundation, Martí Solà, and the President of the Spanish Red Cross, Javier Senent, signed a partnership agreement to help groups affected by energy vulnerability in Spain.
GAS NATURAL FENOSA obtained a net profit of 298 million euros in the first quarter of 2017, 9.4% lower than the same period last year. The result would be 8.3% lower on like-for-like terms as the results of Electricaribe were not consolidated in the first three months of the year due to their falling outside the scope of consolidation at the end of 2016.
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