BBVA Corporate & Investment Banking has acted as financial advisor to EDP in the sale of a group of gas distribution and transport assets in Spain worth 236 million euros.

BBVA Corporate & Investment Banking has acted as financial advisor to EDP, the largest company in Portugal, in the sale of a group of gas distribution and transport assets in Spain for 236 million euros to Redexis Gas, a portfolio company of Goldman Sachs Infrastructure Partners.
 
BBVA's capabilities in Energy, Financial Sponsors and M&A have been crucial for the success of this deal. This is the third transaction advised by BBVA in the gas sector in 2014 (the other two were the acquisition of Transportadora de Gas del Perú and the sale of Bizkaia Energía). BBVA has also provided EDP with a number of financial services, including the design of the process strategy, valuation analysis, due diligence coordination and contract negotiation.
 
The deal reflects the excellent situation of the M&A market in Spain, with enormous buyer appetite and seller capacity to obtain high prices for the sale of companies or assets. The BBVA M&A team reinforces its leading position in Spain, having provided advice in 18 M&A deals in Spain and having been recognized this year with the "Best M&A Advisor in Spain" award by Euromoney magazine and by MergerMarket.