Naturgy, Nortegas and MRG open their networks to partners
The owners of the gas network in Spain, including CPPIB, USS, ATP, Gingko Tree and PGGM, reopen the corporate operations of the sector, something they have been waiting for a while.
The owners of Spain's gas network, including CPPIB, USS, ATP, Gingko Tree, and PGGM, are exploring corporate operations, potentially leading to a historic restructuring. The sector's business map, currently controlled by four major companies - Nedgia, Nortegas, Madrileña Red de Gas (MRG), and Redexis - may see transactions worth €15,000 million.
The development follows the approval of new regulations for gas networks in Spain, which sets tariffs for 2027-2031. CPPIB is considering selling its 12% stake in Nedgia, while Goldman Sachs and Deutsche Bank are working to find buyers for stakes in other companies.
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.
