February 13, 2013
Spain’s Gas Natural Fenosa has agreed to sell its positions in two Nicaragu
Spain’s Gas Natural Fenosa has agreed to sell its positions in two Nicaraguan electricity distribution assets to TSK-Melfosur for $57.8m, it says. The deal includes an 83.7% position in Electricidad del Norte and an 83.7% position in Distribuidora del Sur. The buyer is a local entity owned by Spanish engineers TSK and Melfosur. Gas Natural does not expect the deal to have a significant impact on its finances.