Gas Investing News » Enagas surged after Gas Natural sold 5 percent

Enagas surged after Gas Natural sold 5 percent

June 3, 2009 @ 5:33 am In Gas Company News

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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[1] here: http://www.reuters.com/article/rbssUtilitiesMultiline/idUSL143149720090601