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Gas Natural gets final approval for merger with BlackRock energy fund

Gas Natural Inc. obtained the final regulatory approval needed for the completion of its merger with a fund managed by BlackRock Real Assets' Global Energy & Power Infrastructure group.

The transaction was originally announced by First Reserve Energy Infrastructure Fund LP, which was acquired by the BlackRock Inc. affiliate in June, according to an Aug. 2 release.

With the approval, the deal is now scheduled for closing on Aug. 4. Gas Natural shareholders of record as of Aug. 3 are set to receive a special cash dividend of 2.8 cents per share, payable on Aug. 17.