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photo source: unimedia.md

Posted by: Mihaela Bucatari

News / Economic

12 Apr. 2019 / 16:28

"Red Union Fenosa" and "Gas Natural Fenosa", sold

Spaniards withdraw from the energy market of the Republic of Moldova. The energy group Naturgy has sold "Red Union Fenosa" and "Gas Natural Fenosa" to the international group Duet Private Equity Limited, based in London, known for investing in various types of assets, Moldova 1 reports.

The transaction is scheduled to be completed by June 2019.

According to a press release, the process of ownership change will not affect business activity.

This agreement is part of the reorganization strategy of Naturgy's business portfolio and the ongoing review of its non-strategic activities. Over the past 19 years of activity in the Republic of Moldova, the Spanish group has invested over $326 million in the renovation and modernization of the electrical networks.

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