Financial Times FT.com

Carlyle joins Gas Natural asset race

By Mark Mulligan in Madrid and Martin Arnold in London

Published: November 20 2009 21:26 | Last updated: November 20 2009 21:26

Carlyle, the US private equity group has emerged as one of the bidders for assets put up for sale by Gas Natural, the Spanish gas company that recently completed the takeover of electricity generator Unión Fenosa.

Carlyle has teamed up with Spain’s Magnum Capital and the Washington-based group is likely to bid through its joint venture with Riverstone Holdings, a US private equity group that specialises in energy buy-outs.

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