Mubadala acquires 3.1% stake in Spain's Enagas

SectorFinancial Markets
CountryUnited Arab Emirates

UAE - Mubasher: Mubadala Investment Company (Mubadala) has acquired a 3.1% stake in Enagas, a Spain-based natural gas transmission company, Reuters reported. With this acquisition, the Abu Dhabi-based sovereign wealth fund joins Inditex's owner Amancio Ortega and Spanish state-owned investment arm SEPI, which own a 5% stake each, according to a cited filing to the Madrid stock market regulator. Mubadala, which has already invested in other Spanish assets in the oil and technology industries, does not hold any voting rights in Enagas. Enagas holds stakes in companies in the Mediterranean region, Latin America, and the US. It is noteworthy to mention that on Tuesday, 13 October, Mubadala and Novo Holdings have announced their plan to acquire 11.48 million shares in Germany-headquartered Evotec SE with a total value of EUR 250 million. more...