Enagas surged after Gas Natural sold 5 percent

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Wed, Jun 3, 2009

Gas Company News
Post by Melissa Pistilli, Gas Reporter

Spanish utility Gas Natural declared that it has sold its 5 percent stake in national gas network operator Enagas, sending shares in the operator up 4.6 percent.

Citigroup Global Markets stated:

We consider this sale a relief for Enagas as overhang risk is significantly reduced for the company.

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