Cepsa Looks to Increase Medgaz Stake

Thursday, May 30, 2013

Cepsa is looking to increase its stake in the pipeline that carries natural gas from Algeria to Spain, the Medgaz pipeline. The Spanish firm is reportedly looking to pick up a percentage of GDF Suez’s 12% stake in the pipeline.

According to a Reuters report, GDF Suez is also in talks to sell some of the stake to Gas Natural. Gas Natural already holds a stake in the Medgaz pipeline and is looking to increase it.

Medgaz shareholders have the first right to buy stakes put up for sale by other shareholders.

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