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.
Gas Natural Fenosa is a leading group in the energy sector, pioneering in gas and electricity integration. It is currently present in more than 25 countries, where it offers service to more than 20 million customers on the five continents, with 16 GW installed power and a diversified mix of...More