Naturgy, ENI and the Arab Republic of Egypt have reached a new agreement to resolve amicably the disputes affecting Union Fenosa Gas (UFG), a company owned 50% by Naturgy and ENI. The parties have ratified the agreement whereby Naturgy will receive a series of cash payments of approximately US$600 million, as well as most of the assets outside Egypt, excluding UFG’s business activities in Spain. The agreement, which is similar in terms...
