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

naturgy

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 the Spanish energy company. Reynés recalled that Blackrock is already known to Naturgy: “Blackrock is already a known partner with whom we share ownership of the Medgaz pipeline,” he said, and said that the move between the fund and GIP is a recognition of the energy company.

On the other hand, the Australian fund IFM rose two positions in the capital of Naturgy and exceeded for the first time the 15% mark in the energy company, consolidating its position as the fourth largest shareholder, as recorded in the records of the National Securities Market Commission (CNMV).

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.