Spanish electricity company HIDROCANTABRICO has been selected by the Basque nationalist government instead of IBERDROLA for acquiring 62% of the capital in the NATURCORP public gas company, which has an 8% stake in the European market. NATURCORP, whose assets are valued at EUR 537 million, will be merged with GAS ASTURIAS and GAS FIGUERES, the gas subsidiaries of HIDROCANTABRICO. As a result the new venture will become the second largest Spanish gas operator with an annual turnover of more...