Announced

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Galp Gás Natural Distribuição acquired a 58% stake in Tagusgás for €32m.

Synopsis

Galp Gás Natural Distribuição, the leading natural gas distributor in Portugal, acquired a 58% stake in Tagusgás, which mainly holds the concession for distribution of natural gas in the Santarém and Portalegre regions, for €32m. Upon completion, GGND will hold 99.36% of the share capital of Tagusgás.

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