BLK BlackRock Inc

By Kim Richters

Naturgy Energy Group SA said Thursday that it is teaming up with BlackRock Inc.'s Global Energy & Power Infrastructure Fund for its takeover of a 34.05% stake in gas pipeline project Medgaz.

The investor's fund will acquire 50% of the special purpose vehicle through which the Spanish energy company had agreed to acquire the Medgaz stake.

Naturgy had agreed to buy the stake in Medgaz from CEPSA Holding LLC, a subsidiary of Mubadala Investment Co., for 445 million euros ($487.9 million) in October.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

April 02, 2020 03:58 ET (07:58 GMT)

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