Report
Luis de Toledo Heras

Enagas : TAP’s stake increase follows European agenda

>Acquisition of a 4% additional stake in TAP - Enagas has increased its stake in TAP (Trans Adriatic Pipeline) from 16% to 20% after acquiring a 4% stake to Axpo for € 168m. Enagas reinforces its Strategic Plan goals of contributing to Europe’s security of energy supply and decarbonisation goals. This transaction follows the acquisition of a 20% stake in BBL (Netherlands-UK) for € 75m two weeks ago. TAP’s new shareholder structure after this transaction (20% BP, 20% S...
Underlying
Enagas SA

Enagas is a gas transportation company based in Spain. Co. is engaged in the technical distribution and storage of gas through pipelines as well as the provision of regasification services. Co. and subsidiaries are engaged in the ownership, administration, storage, pipeline transportation, distribution flow, and sale of natural gas. As a transport company, Co. also provides gas and manages the gas infrastructures.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Luis de Toledo Heras

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