July 10 (Reuters) - Enagas SA:

* REACHES DEAL TO SELL ITS 30.2% STAKE IN THE AMERICAN

COMPANY

TALLGRASS ENERGY TO BLACKSTONE INFRASTRUCTURE PARTNERS FOR $1.10

BILLION

* TRANSACTION IS EXPECTED TO BE CLOSED AT END OF JULY

* TRANSACTION AT CLOSING TO GENERATE ACCOUNTING LOSS IN THE

2024

INCOME STATEMENT OF AROUND 360 MILLION EUROS

* TRANSACTION TO HAVE VERY POSITIVE IMPACT ON CO'S CASH FLOW

STATEMENT DUE TO CASH-IN THAT THIS DISINVESTMENT INVOLVES

* FROM THE AGREED AMOUNT, $50 MILLION WILL BE RECEIVED ONCE

AN

ADMINISTRATIVE AUTHORIZATION IS OBTAINED

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(Gdansk Newsroom)