Brussels OKs USSL’s stake in Redexis Gas

By Staff reporter 14 July 2017

The European Commission has approved the acquisition of joint control over Spain’s Redexis Gas and Redexis Gas Finance by UK pension fund manager Universities Superannuation Scheme Ltd (USSL) and United States-based investment bank Goldman Sachs, it said on Friday.

Redexis Gas is a regulated company involved in the transmission and distribution of gas and LPG in Spain. It was previously wholly owned by Goldman Sachs, which will retain a 50.1% stake through subsidiaries.

"The commission concluded that the proposed transaction would raise no competition concerns as Goldman...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up