Spanish firm Cuatrecasas has worked for both sides on the sale of a stake in Gas Natural, in a deal worth just over €470m.
The transaction sees Hisusa – a holding company that develops urban infrastructures and services – sell a 5.03% stake in Spanish power giant Gas Natural. The stake is being sold jointly to Criteria CaixaCorp and Suez Environnement for a total value of €470.97m. This transaction is intended to allow the buyers to restructure their gas business and Hisusa to concentrate on its core water management business.
Cuatrecasas corporate partner Emilio Coco led the team working for Hisusa. The firm has stated it also worked for the sellers on the transaction.