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In the coming days, the Moldovan authorities will meet with investors who have purchased the assets of Gas Natural Fenosa, and will also complete an investigation to study this deal.

In the coming days, the Moldovan authorities will meet with investors who have purchased the assets of Gas Natural Fenosa, and will also complete an investigation to study this deal.

This was announced by the country's President Igor Dodon at a briefing, noting that the actions taken by the authorities to study the sale of the company were discussed at a meeting of the Supreme Security Council, which requested earlier to provide information about the details of the transaction, about the sources of money and the real owners of the company, who decided to enter the energy sector of Moldova. “All information has been provided. In the following days we will have a conversation with investors in order to be sure that the investor is real, his money is not “dirty”, there are no risks regarding the origin of money. Then we will complete the investigation of the company's sale and purchase transaction for making decisions, ”the president said. Earlier, at the Supreme Security Council meeting, the question was raised about the dubious circumstances of the sale of Gas Natural Fenosa to another company-owner. As InfoMarket agency reported earlier, Duet Private Equity Limited, based in London, said it would acquire 100% of the shares of Red Unión Fenosa and Gas Natural Fenosa Energy in Moldova for 141 million euros through one of its special purpose investment companies. Duet Private Equity Limited does not provide details about this company, noting only that it is expected that the acquisition of Red Unión Fenosa and Gas Natural Fenosa Energy will be closed soon. Gas Natural Fenosa Moldova, a subsidiary of Naturgy Energy Group, is the leading electricity supply and distribution company in Moldova, owning 70% of the electricity distribution market in the center (including the capital of Moldova, Chisinau) and in the south of the country. As of December 2017, Gas Natural Fenosa had 889,078 power points in Moldova, while total electricity sales amounted to 2,696 GWh in 19 regions, including the capital. The company occupies 70% of the electricity sales market in the country and covers 2/3 of the population, including the capital of Moldova. Duet Private Equity Limited is a wholly owned subsidiary of the Duet Group. Headquartered in London, Duet Private Equity Limited has a wide range of investments in various types of assets and a growth strategy in the region. The investment team of Duet Private Equity has extensive experience in attracting, structuring, executing, managing private equity deals in emerging markets and in special situations.// 18.07.2019 — InfoMarket.

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