Repsol, Criteria to Sell 20% of Gas Natural to GIP

Spain's Repsol and Criteria Caixa, the holding company that owns Caixabank , have agreed a 3.8 billion-euro ($4.27 billion) deal to each sell a 10 percent stake in Gas Natural (EGAS) to Global Infrastructure Partners, they said.

 

GIP, a New York-based infrastructure fund, will pay 19 euros a share for the combined 20 percent stake, the companies said, above Monday's closing price of 18.51 euros.


(Reporting by Carlos Ruano and Sarah White, Editing by Susan Thomas)