Naturgy

Relevant News Item 22nd April 2024

TAQA would have to negotiate Naturgy’s credits with banks because part of debt subject to change of control clause

Link Securities| Most of Naturgy’s debt, which is around €12,000 million, is subject to a clause relating to the change of control, either by acquiring more than 50% of the voting shares or by obtaining the right to appoint the majority of the members of the Board of Directors of Naturgy, according to Expansión. According to the newspaper, Abu Dhabi-based energy company TAQA, which is finalising its takeover bid for…

Spanish economy 18th April 2024

TAQA negotiates €26,000-million bid for Naturgy with CVC and GIP

TAQA, the Emirates giant, confirmed yesterday that it is negotiating with CVC and GIP, and in agreement with La Caixa, an offer for 100% of Naturgy. Because if an agreement is reached for CVC and GIP to sell, and given that they account for more than 40%, TAQA would have to make a takeover bid for 100%. After the confirmation of the negotiations, the National Securities Market Commission (CNMV) suspended…

Spanish economy 17th April 2024

Industrial investor like Taqa could take over from one or more of Naturgy’s financial investors

Santander Corporate & Investment | After a week of rumours in the press about a reorganisation of Naturgy’s (NTGY) shareholding structure (Baa2 e, BBB e, BBB e), Naturgy’s main shareholder, Criteria (with a 26.7% stake), announced a relevant fact on Monday. Criteria affirmed its long-term commitment as an investor in Naturgy and expressed its explicit support for the company’s transformation plan. Criteria also acknowledged that it has continued talks with…

Companies, Relevant News Item 20th February 2024

Naturgy to make Altadia Group’s self-consumption photovoltaic plant the largest in Castellón province

Link Securities| Naturgy has installed the largest self-consumption photovoltaic plant in the province of Castellón, the digital newspaper elEconomista.es reports today. Naturgy has signed an agreement with Altadia, a world leader in the field of glazes, frits and digital ink for the ceramics sector with the aim of decarbonising its consumption through renewable energy. The agreement, sealed between the two companies, will involve the installation of more than 24,000 photovoltaic…

Spanish economy 22nd January 2024

Naturgy chairman praises Blackrock: “there is alignment of interests and long-term vision”

Alphavalue/DIVACONS| The president of the energy company, Francisco Reyes, praised Blackrock for giving stability to the companies and affirmed that “there is alignment of interests and long-term vision”. He said this in an interview on Thursday at the 54th annual meeting of the World Economic Forum in Davos (Switzerland) and in the wake of Blackrock’s acquisition of the US fund Global Infrastructure Partners (GIP), which owns a 20% stake in…

World economy 11th January 2024

Naturgy begins construction of second large photovoltaic facility in US, in Texas, with €285-million investment

Link Securities | Naturgy (NTGY) has begun construction of its second large photovoltaic facility in the United States, the Grimes plant, which will have a capacity of 210 MW and will involve an investment of more than €285 million, according to Europa Press. This new renewable generation plant will be located in the state of Texas and will generate enough emission-free electricity to supply approximately 140,000 homes. With the start-up…

In Spain 14th November 2023

Supreme Court authorises Naturgy to temporarily close five gas-fired power plants but rejects compensation

Link Securities | As reported on Friday by the digital newspaper Bolsamania.com, the Administrative Chamber of the Supreme Court (SC) has authorised the temporary closure of the combined cycle power plants of Palos de la Frontera 1 and 3, Cartagena group 2 and 3, and Sagunto group 3, under the terms contained in the application filed on 25 May 2017 by Naturgy (NTGY) with the Administration. However, the SC has…

Spanish economy 14th October 2023

Naturgy awarded €700 million loan by EIB to adapt and digitise electricity distribution networks in Spain

Link Securities | Naturgy and the European Investment Bank (EIB) have agreed a €700 million loan to adapt and digitise the energy provider’s electricity distribution networks in Spain, bolsamania.com reported yesterday. Naturgy points out that this operation with the EIB will provide it with additional financial resources to improve its operational flexibility and efficiency. The loan will also enable it to “modernise and improve the efficiency of the grid and…

In Spain 13th September 2023

Naturgy to give major boost to decarbonisation with acquisition of BioGNL production

Link Securities| Naturgy (NTGY) will give a strong boost to the decarbonisation of the road and maritime transport sector by acquiring BioGNL production from the future Sologas plant in As Somozas (La Coruña). The first long-term purchase contract for renewable gas in liquid form is for 25 GWh per year, which is the production capacity of the waste recovery plant that Sologas has planned for its As Somozas site, and…

Companies, Relevant News Item 17th August 2023

Naturgy awarded €17.5-million contract to supply natural gas to prisons

Link Securities| Naturgy (NTGY), through Gas Natural Comercializadora, has been awarded the contract to supply natural gas to the penitentiary establishments of the General Secretariat of Penitentiary Institutions, attached to the Ministry of the Interior. According to the contract formalisation announcement, published in the Official State Gazette (BOE), the amount of the award is €17.5 million, as reported on Wednesday by Europa Press. The tender for the contract, which was…

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