Gas Natural SDG SA (GAS.MC) is willing to sell 800 megawatts in electric power generation capacity to secure the green light for its planned purchase of Union Fenosa SA (UNF.MC), Cinco Dias reports Thursday.

Gas Natural, however, in a divestment plan handed over this week to Spain's competition authority CNC, refuses to divest Union Fenosa's gas assets, the newspaper says

The report adds that the CNC is already in the final phase of analyzing the acquisition.

Gas Natural had no comment Thursday.

Company Web site: www.gasnatural.com

-By Bernd Radowitz, Dow Jones Newswires, 34-91-395-8125, bernd.radowitz@dowjones.com

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