Table of Contents COMPANY OVERVIEW AND KEY FACTS 2 TABLE OF CONTENTS 5 LIST OF TABLES 6 LIST OF FIGURES 6 TARGETS AND PARTNERS 7 MERGERS & ACQUISITIONS 8 Mergers and Acquisitions - Overview 8 Mergers and Acquisitions - Deal reports 9 PARTNERSHIP 59 Partnership - Deal reports 59 CAPITAL RAISING 60 Capital Raising - Deal reports 60 DIVESTMENTS 69 Divestments - Overview 69 Divestments - Deal reports 70 PRIVATE EQUITY & OWNERSHIP 115 Private Equity and Ownership - Deal reports 115 APPENDIX 126 Contact Us 126 About MarketLine Financial Deals Database 126 Deal Definition and Methodology 128 About MarketLine 135

List of Tables Table 1: Gas Natural Fenosa M&A volume and value trend (2014-YTD2018) Table 2: Gas Natural Fenosa M&A activity by geography (2014-YTD2018) Table 3: Gas Natural Fenosa divestments volume and value trend (2014-YTD2018) Table 4: Gas Natural Fenosa divestments activity by geography (2014-YTD2018)List of Figures Figure 1: Gas Natural Fenosa M&A volume and value trend (2014-YTD2018) Figure 2: Gas Natural Fenosa M&A activity by geography (2014-YTD2018) Figure 3: Gas Natural Fenosa divestments volume and value trend (2014-YTD2018) Figure 4: Gas Natural Fenosa divestments by geography (2014-YTD2018)