Inditex founder buys 5% stake in Spanish Enagas

Donnerstag, 19. Dezember 2019 11:27

Industria de Diseno Textil S.A., or Inditex, founder Amancio Ortega acquired a 5% stake of Spanish gas company Enagas S.A., the latter announced on Thursday.

The transaction will be completed through Pontegadea, a company also owned by Ortega. The 5% stake, valued at €281.64 million, would make him the largest shareholder of Enagas, according to Spanish media.

Enagas revealed earlier this week that it will invest $836 million in United States-based oil and gas infrastructure company Tallgrass Energy LP.

Related Links: Enagas S.A.Industria de Diseno Textil S.A.
Breaking the News / MS