Enagas Acquires 31.5% Stake in Terega for €573 Million
Enagas has agreed to purchase a 31.5% stake in Terega from GIC for €573 million, enhancing its hydrogen infrastructure strategy. This acquisition is expected to yield an 8% return on investment and contribute €15 million annually to net profits through 2032, aligning with Enagas' decarbonization efforts in Europe.
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Enagas will acquire a 31.5% stake in Terega for €573 million, a move expected to close within this year. The acquisition entailed a premium of 7% to 8% over the 2025 regulated asset base, contributing an estimated €15 million annually to net profit from 2027 to 2032.
Terega operates over 5,000 km of pipelines and two storage facilities, making up 16% of France's gas transport network. Enagas anticipates an 8% return on this investment while maintaining a focus on hydrogen infrastructure.
Additionally, Enagas plans to sell a 40% stake in Enagas Renovable to Hy24 for €48 million, enhancing its financial profile. This transaction may positively impact the competitive landscape for gas operators in Europe.
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