Apollo, Blackstone, others considering bids for Gas Natural telecom unit


Apollo Global Management (APO) and Blackstone Group (BX) are among the buyout firms considering offers for the telecom infrastructure unit of Spain’s largest natural gas supplier Gas Natural (GASNY), Bloomberg reports.

P-E firms Carlyle (CG), EQT Partners, Cinven and Bridgepoint, as well as Spanish electricity network operator Red Electrica, also are said to be weighing bids.

Gas Natural, seeking to raise cash as Spanish energy regulations have hurt earnings growth, is believed to be seeking €500M-€600M from a sale.

This was corrected on 04/10/2014 at 09:36 AM.
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Comments (2)
  • Ruffdog
    , contributor
    Comments (3561) | Send Message
     
    I did not know EGAS had holding in Spain!
    10 Apr 2014, 08:49 AM Reply Like
  • erthtrader
    , contributor
    Comments (4) | Send Message
     
    they don't.....this is a mistake.

     

    Watch the price react to this misleading post.

     

    Unreal.
    10 Apr 2014, 12:34 PM Reply Like
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