Madrileña Red de Gas partners hire Goldman Sachs for its sale
Naturgy, with Nedgia, is leader in gas distribution with a 67% share. They are followed by Nortegas (13%), MRG (11%) and Redexis (8%).
Some shareholders of Madrileña Red de Gas (MRG), the third largest natural gas distributor in Spain, have hired Goldman Sachs to explore selling their stakes in the company. MRG's main shareholders include China's Gingko Tree and Dutch pension fund PGGM, each with 33.75% stakes, and France's EDF Invest and UK's LPPI. The company's valuation is estimated to be around €2 billion, with 2025 revenues of €148 million and an EBITDA of €108 million.
Potential changes in MRG's ownership come amid a broader restructuring in Spain's gas distribution sector, which is dominated by Naturgy's Nedgia.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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