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Gas Natural denies capital hike deal with Sonatrach

Stocks

   

MADRID | Tue May 24, 2011 11:11am IST

MADRID May 24 (Reuters) - Spanish utility Gas Natural (GAS.MC) said on Tuesday it had not reached a deal with Algeria's Sonatrach for the gas supplier to take a stake in the firm of up to 10 percent.

On Tuesday, financial daily Cinco Dias had said Gas Natural would carry out a capital hike to allow Sonatrach to take a stake in it, putting an end to the pair's dispute. (Reporting by Jose Rodriguez, writing by Sarah Morris)

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