Gas Natural Offers Chairmanship to EDP in Push for Merger -El Confidencial
January 25 2018 - 4:22AM
Dow Jones News
--Gas Natural Chairman Isidre Faine has tried to convince
Portuguese Prime Minister Antonio Costa about the benefits of a
merger between Gas Natural and EDP, reports El Confidencial, citing
people familiar with the matter.
--Mr. Faine has reportedly offered the chairmanship of the new
combined group to a candidate from EDP in an effort to gain the
support of the Portuguese government, which is wary of losing one
of the country's few remaining large companies, says the
newspaper.
--Gas Natural's interest in the Portuguese energy company was
first reported in the summer of 2017. EDP was privatized as part of
an EU bailout but kept the same chief executive, a former minister
of public works
Full story in Spanish: http://bit.ly/2n8NkJC
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
January 25, 2018 04:07 ET (09:07 GMT)
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