Algeria: why Sonatrach is investing €100m in Medgaz

Algeria: why Sonatrach is investing €100m in Medgaz

Now that UAE fund Mubadala has sold its stake in Medgaz, Algeria’s state-owned Sonatrach has become the majority shareholder in the gas pipeline linking Algeria to Spain. However, the company will jointly control Medgaz with Spanish utility Naturgy.

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            ▪ Algeria: why Sonatrach is investing €100m in Medgaz

▪ Now that UAE fund Mubadala has sold its stake in Medgaz, Algeria’s state-owned Sonatrach has become the majority shareholder in the gas pipeline linking Algeria to Spain. However, the company will jointly control Medgaz with Spanish utility Naturgy.

https://www.jeuneafriquebusinessplus.com/en/799172/algeria-why-sonatrach-is-investing-e100mn-in-medgaz/

21/10/2019 at 22h46, by Jeune Afrique Business+, updated 28/10/2019

Abu Dhabi sovereign wealth fund Mubadala has significantly reshaped the shareholder base of Medgaz, a subsea gas pipeline connecting Beni Saf to Almería.

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