Oman Holdings Spain Acquires 5% of Enagas

Source: www.gulfoilandgas.com 6/1/2009, Location: Middle East

Enagas has been informed that Oman Oil Holdings Spain, S.L.U. has acquired Gas Natural SDG’s 5% shareholding Enagas, which it was forced to sell pursuant to a ruling by the Spanish anti-trust regulator, Comisión Nacional de Competencia (CNC). The transaction is subject to the approval of the CNC.

Enagas views the sale of the 5% stake to Oman Oil Holdings Spain favourably as a further demonstration of the company’s attractiveness as a solid investment for both domestic and international investors.

The Board of Directors will recommend the appointment, through co-option, of a representative of Oman Oil Holdings Spain to the board in line with the company’s policy of granting representation to all long-term shareholders acquiring a stake of 5%.

Oman Oil Holdings Spain, S.L.U. belongs to the Oman Oil Company S.A.O.C. group, a fully owned trading company of the government of the Sultanate of Oman, which has investments along the natural gas and oil valuation chain, as well as in energy infrastructure It currently has stakes in a number of Spanish energy companies.


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