Goldman wins €500m block for Enagas acquisition of Tallgrass
Enagas, the Spanish natural gas transmission company, raised €500m of new capital market on Wednesday night to help fund its acquisition of a stake in US firm Tallgrass Energy.
Goldman Sachs was the bookrunner, which it won following a competitive auction process.
Enagás sold 23.26m new shares to investors. Before the trade, it had 238.73m shares outstanding. That has now grown to 261.99m. Existing shareholders have been diluted by around 9.7%.The proceeds will be used ...