A fund managed by French private equity giant Ardian will acquire an 80% stake in Enagás Renovables, the green energy arm of Spanish gas infrastructure operator Enagás, following an agreement with existing shareholders including fashion billionaire Amancio Ortega and state-owned shipbuilder Navantia. The deal also includes the purchase of a 31.5% stake in Taréga, a French gas operator. Enagás Renovables reported a profit of €56.9 million in the first quarter, underscoring the growing commercial value of Spain's renewable energy sector as it attracts major international investment.