Enagás
From Wikipedia, the free encyclopedia
| Enagás, S.A. | |
 |
|
| Type | Public |
|---|---|
| Founded | 1975 |
| Headquarters | Madrid, Spain |
| Key people | Antonio González-Adalid García-Zozaya (Chairman of the board and CEO) |
| Industry | Energy |
| Products | Storage and transportation of natural gas |
| Revenue | €689.1 million (2005) |
| Employees | 907 |
| Website | http://www.enagas.com |
Enagás, S.A., (IBEX-35:ENG) is a Spanish energy company which owns and operates the nation's gas grid. The company was founded in 1975 by the Spanish Government with the aim of creating a nationwide network of gas pipelines. After privatisation in 1994, Gas Natural acquired a controlling stake in the company. However since demerging Enagás in 2002, Gas Natural has gradually decreased its stake in the company to 5%, which will be the maximum allowed for any shareholder by the Government after December 30, 2006 [1]. As of September 2006, approximately 70% of the company's shares are on the open market. The chairman is Antonio González-Adalid García-Zozaya and the firm's headquarters are located in Madrid.
