In accordance with the terms of article 248 of the Portuguese Securities Code, Galp Energia, SGPS, S.A. (Galp Energia) hereby discloses the following information:
Galp Energia and Morgan Stanley Infrastructure closed today the jointly acquisition of certain gas supply and distribution businesses in the region of Madrid from Gas Natural Fenosa (Gas Natural), with Galp Energia responsible for the supply activity and Morgan Stanley Infrastructure responsible for the distribution activity. The purchase price is €800 million.
The distribution business comprises the regulated low pressure gas distribution activities of Gas Natural which cover 38 municipalities surrounding the centre of Madrid and has approximately 507,000 homes connected to its network. The supply business comprises the regulated and unregulated end customers gas supply activities in the area of the distribution business and provides gas to about 412,000 customers with an annual consumption of around 0.4 bcm. It also provides electricity to over 8.000 customers as well as value‐added services.
To carry out the sale of part of its natural gas assets in Madrid, Gas Natural created three new companies that are operating in the Community of Madrid: Madrileña Suministro de Gas 2010, S.L., Madrileña Suministro de Gas S.U.R. 2010, S.L. and Madrileña Red de Gas, S.A., with the first two responsible for the supply activities, both liberalized and regulated, and the third responsible for the natural gas distribution network.
After today’s completion of the sale, Madrileña Suministro de Gas and Madrileña Suministro de Gas S.U.R. become part of Galp Energia Group, while Madrileña Red de Gas is acquired by Morgan Stanley Infrastructure.