News: BBL Enagas Reaches Agreement With Germany's Uniper To Buy 20% Of BBL Company

Jan 16 (Reuters) - Enagas SA ENAG.MC :

• AGREES TO JOIN EUROPEAN INTERCONNECTOR BBL
• REACHES AN AGREEMENT TO BUY 20% OF BBL COMPANY, WHICH OWNS THE INTERCONNECTION BETWEEN THE UK AND THE NETHERLANDS, FROM UNIPER
• THIS OPERATION IS PART OF OBJECTIVES OF COMPANY'S STRATEGIC PLAN TO CONTRIBUTE TO SECURITY OF SUPPLY IN EUROPE AND DECARBONIZATION
• ITS INVESTMENT IN THIS PURCHASE IS APPROXIMATELY 75 MILLION EUROS, SUBJECT TO COMPLIANCE WITH THE CONDITIONS PRECEDENT INHERENT TO THIS TYPE OF TRANSACTION
• FOLLOWING THIS DEAL, SHARE OWNERSHIP OF BBL WILL BE AS FOLLOWS: GASUNIE (60%), FLUXYS (20%) AND ENAGAS (20%)
• FOLLOWING CLOSING OF ACQUISITION, THREE TRANSMISSION SYSTEM OPERATORS (TSOS) WILL OWN THIS KEY INFRASTRUCTURE IN EUROPE'S SECURITY OF SUPPLY