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Release - approval of association Transgaz - Regasificadora del Noroeste Spain

Release Date: 1/22/2018 1:48:35 PM

IRIS Code: 0863F


SNTGN Transgaz SA reports that, within the meeting held on 19.01.2018, Transgaz’ General Extraordinary Shareholders’ Assembly approved the association between Transgaz and Regasificadora del Noroeste S.A., Spain for participating in the second stage of the process for the procurement of a 66% stake in DESFA.

Transgaz and Reganosa will cooperate for the achievement of the objectives approved by the shareholders of the two companies and will shape a competitive bid for the controlling interest in DESFA, according to the sellers’ requirements pursuant to the terms defined under the request for submission of binding offers.

TRANSGAZ is the technical operator of the Romanian National Gas Transmission System implementing the national strategy for domestic and international gas transmission, gas dispatching as well as research and design, under conditions of efficiency, transparency, safety, non-discriminatory access and competitiveness, in compliance with the applicable Romanian and EU laws and standards on quality, performance, environment and sustainable development.




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