Announced
Completed
Financials
Sources
Tags
Gas Distribution
liquefied natural gas
Completed
Cross Border
Friendly
Italy
Acquisition
Private
Minority
Single Bidder
Synopsis
Scale Gas Solutions, a subsidiary of Enagas specializing in small-scale liquefied natural gas, completed the acquisition of a 19% stake in Depositi Italiani, the company that owns the plant of liquefied natural gas, from Edison, an Italian electric utility company. Financial terms were not disclosed. The aim is to establish a strong LNG supply chain from Enagas’ Mediterranean LNG terminals, led by the Barcelona terminal, to Edison customers, fostering sustainability through the introduction of LNG as an alternative fuel.
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