December 17, 2019 / 7:08 AM / 7 months ago

Enagas to invest $836 million in Tallgrass Energy

MADRID, Dec 17 (Reuters) - Spain's Enagas said on Tuesday it has agreed to invest $836 million in U.S. oil and gas pipeline operator Tallgrass Energy, as part of a takeover involving other investors. The group of investors, which includes Blackstone Infrastructure Partners and Singapore's sovereign wealth fund, will buy out Tallgrass' outstanding class A shares before delisting the group, Enagas said.

The deal is set to close in 2020.

Reporting by Nathan Allen; Editing by Tom Hogue

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