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Union Fenosa, Iberdrola and Endesa Formalize Their Alliance in the Sagunto Regasification Plant.
Business Wire
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July 18, 2002
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Business Editors
NEW YORK--(BUSINESS WIRE)--July 18, 2002
Union Fenosa, Iberdrola and Endesa (NYSE:ELE) -- the latter two through a joint company in which they hold 60% and 40%, respectively -- have formalized their shareholding in the regasification plant at Sagunto, with the following shareholding breakdown: 50% Union Fenosa and 50% for the Iberdrola(30%)/Endesa(20%) joint company.
The Sagunto regasification plant is of a prime strategic priority, as it will allow the injection of LNG into the Spanish system, therefore favouring the competition ...
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