The transaction for the sale of Sonorgás, by Dourogás Group, to iCON Infrastructure Partners VI, L.P., a fund advised by iCON Infrastructure LLP (“iCON”) was successfully completed in December, having met all regulatory approvals and having received the consent from the third-party entities.
Dourogás Group, one of the Portugese natural gas sector's largest operators, has consequently sold the entire share of its affiliate Sonorgás - a company dedicated to the development and management of natural gas networks.
iCON, an independent investment firm with capital in excess of $8 billon, said Sonorgás' management team will remain unchanged after the transaction. It added its intention is to maintain all of Sonorgás' current staff. It added it has an expectation of increasing resources in the near future to support the significant anticipated growth of the business whilst maintaining efficient and reliable operations.
The transaction enables Sonorgás to reinforce its financial capacity, and it will continue to invest in the maintenance and development of infrastructure that is essential to continue serving the territories where it is present.
iCON acquires Sonorgás
