Algeria: why Sonatrach is investing €100m in Medgaz
Now that UAE fund Mubadala has sold its stake in Medgaz, Algeria’s state-owned Sonatrach has become the majority shareholder in the gas pipeline linking Algeria to Spain. However, the company will jointly control Medgaz with Spanish utility Naturgy.
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▪ Algeria: why Sonatrach is investing €100m in Medgaz
▪ Now that UAE fund Mubadala has sold its stake in Medgaz, Algeria’s state-owned Sonatrach has become the majority shareholder in the gas pipeline linking Algeria to Spain. However, the company will jointly control Medgaz with Spanish utility Naturgy.
▪ https://www.africabusinessplus.com/en/799172/algeria-why-sonatrach-is-investing-e100mn-in-medgaz/
Abu Dhabi sovereign wealth fund Mubadala has significantly reshaped the shareholder base of Medgaz, a subsea gas pipeline connecting Beni Saf to Almería.
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