This text has been automatically translated, it may contain errors or inaccuracies.
PUBLIC INVESTMENT
Favorite
Remove from my list

The Basque Government buys 1% of the company Enagás for around EUR 45 million

This acquisition is the first direct investment made through Indartuz. 

Enagas

Enagás Company headquarters. Stock Photo: Open

The Basque Government has acquired 1% of the equity capital of the company Enagásthrough the Basque Institute of Finance (IVF), as reported on Wednesday by the Department of Finance in a statement, an operation that has been carried out through the company Indartuz, a financial instrument promoted within the framework of the Euskadi Eraldatuz 2030 Plan.

This acquisition is the first direct investment made through the Indartuz tool. Although no figures have been provided on the transaction, bearing in mind that the stock market capitalization of Enagás is currently 4.5 billion euros , the Basque Government has paid about 45 million euros for 1%. 

The Basque Government considers it a "strategic investment in energy autonomy and security of energy supply as a key asset. " 

Enagas has a critical infrastructure for the operation of the energy system and for ensuring energy supply in the Basque Country. In addition,  will play a key role in the deployment of the main green hydrogennetwork and the European H2Med corridor.

You might like

Load more
Advertising
X