United Arab Emirates organising summit in Madrid to propose stronger investment in renewables and revive interest in Naturgy

naturgy eolica

Link Securities | The United Arab Emirates is organising a summit in Madrid on 8 July where it will propose strengthening its investment in renewables and reviving its interest in Naturgy (NTGY), following the failed takeover bid in 2023 alongside CriteriaCaixa. Abu Dhabi has €30 billion to invest in Spain, and recent changes at Criteria, with Francisco Reynés at the helm, could facilitate new negotiations. Other major Naturgy shareholders, such as BlackRock-GIP and CVC-Alba, will also attend, reinforcing the possibility of a future deal.

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