AXA and F2i to bid for Endesa's gas assets

In July last year, AXA Private Equity and F2i acquired an 80% stake in Enel Rete Gas from its parent Enel Distribuzione in a deal valued at €480m. The deal was financed with a €140m vendor loan granted by Enel to the bidders at an annual interest rate of 8.25% reaching maturity in 2017. Enel owns 92% of Endesa.

Endesa's gas network in Spain comprises 4,050 kms of gas distribution tubes, and 859 kms of gas transport tubes.

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• Topics
• Southern Europe
• Infrastructure
• Buyouts
• Spain
• Axa Private Equity