AZ Capital acted as exclusive financial advisor to Criteria and Repsol

Sole advisor to Repsol and Criteria on the sale of a combined 20% stake in Gas Natural to Global Infrastructure Partners (GIP) for a total consideration of €3,802 MM.

As a consequence of this deal, Criteria and Repsol have agreed to bring to an end their concerted action accord with regard to Gas Natural. As part of the sale agreement, Criteria, Repsol and GIP have also undertaken a number of commitments with regard to the corporate governance of Gas Natural, relating to the composition of the Board of Directors and its Committees.

AZ Capital

Advised in the sale of

gasNatural fenosa (20% stake) by Repsol and Criteria Caixa

to

Global Infrastructure Partners III

Energy

MidCap Alliance