In Spain, Enagás said it has reached an agreement to sell its 30.2% shareholding in Tallgrass Energy to Blackstone Infrastructure Partners, for a total of $1.1 billion. The transaction is expected to be closed at the end of July, although out of the agreed amount, 50 million dollars will be received once an ongoing administrative authorization is obtained, the firm said. The sale of Tallgrass Energy is part of the asset rotation process announced by the company in its 2022-2030 Strategic Plan, which has decarbonization and security of supply in Spain and Europe as its priorities. “With the rotation of the stake in Tallgrass Energy, Enagás strengthens its balance sheet to undertake with guarantees the execution of the investment plan in renewable hydrogen infrastructure, included in the European Union’s list of Projects of Common Interest and complying with the mandate of the Royal Decree-law 8/2023 that designates Enagás as provisional manager of the Hydrogen Backbone Network,” the company said.
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