Gas Natural Sheds Nicaraguan Assets

Spain’s Gas Natural Fenosa has agreed to sell its positions in two Nicaraguan electricity distribution assets to TSK-Melfosur for $57.8m, it says. The deal includes an 83.7% position in Electricidad del Norte and an 83.7% position in Distribuidora del Sur. The buyer is a local entity owned by Spanish engineers TSK and Melfosur. Gas Natural does not expect the deal to have a significant impact on its finances.