Naturgy

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EU to shield Naturgy from potential multi-million pound lawsuits for breaching agreements with Russia in light of ban on Russian gas imports

Bankinter | In 2013, Naturgy signed a gas supply contract with the Russian company Yamal. Purchases began five years later at a rate of 3.4 billion cubic metres per year, which, at current prices, amounts to around €1 billion. This agreement provides approximately 16% of Naturgy’s total gas supply The contract has a 20-year term, until 2038, but will have to end earlier due to the EU ban on Russian…


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Naturgy carries out accelerated placement of 3.5% of capital to increase free float

Bankinter | Naturgy announces the sale of shares from its treasury stock representing 3.5% of its capital. Naturgy currently holds 4.4% of its share capital in treasury stock. The transaction was carried out through an accelerated placement of 34.1 million shares on the market. The placement price was €25.90 per share, a discount of 3.9% compared to yesterday’s closing price. At these prices, the placement transaction amounts to €883 million….


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National Court dismisses proceedings brought by Public Prosecutor’s Office against Naturgy Generación in June 2024

Link Securities | The National Court has agreed to close the proceedings brought by the Public Prosecutor’s Office in June 2024 against Naturgy Generación (Naturgy (NTGY)) for an alleged offence relating to the market and consumers for increasing energy production prices at its combined cycle thermal power plant in Sabon 3 (A Coruña) from March 2019 to December 2020, according to Expansión newspaper. According to the group’s half-yearly report submitted…


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Naturgy connects first biomethane plant in Navarre to gas network through distributor Nedgia

Link Securities | Naturgy (NTGY), through its distributor Nedgia, has connected the first biomethane plant in the Autonomous Community of Navarre to its gas network, according to the Bolsamanía website. The facility has been promoted by the company E-cogeneración Cabanillas and will produce up to 22 GWh of renewable gas from the treatment of livestock and agri-food waste. This amount is equivalent to the consumption of 4,000 households. Nedgia Navarra,…


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Naturgy announces accelerated placement and bilateral sale of 5.5% of capital to increase free float

Renta 4 | Naturgy (NTGY) has carried out an accelerated placement of approximately 2% of its capital, 19.3 million shares held in treasury, for approximately €500 million. This represents a price per share of €25.9 and a discount of 7.1%. In addition, it has agreed to sell up to 34.1 million shares, also held in treasury, representing approximately 3.5% of the capital, to an international financial institution. Naturgy has entered…


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

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…


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CNMV approves Naturgy’s auto-IPO to acquire up to 9.08% of its capital at €26.50/share

Banc Sabadell : The National Securities Market Commission (CNMV) has authorised the auto-IPO of Naturgy (NTGY) to acquire up to 9.08% of its share capital (with the aim of improving its free float) at €26.50/share. The acceptance period will be 15 days from the day after details of the offer are published in the press. On the other hand, the company has confirmed that it will not go ahead with…


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Naturgy to issue two series of bonds with maturities of 6 and 10 years for €1 billion

Link Securities | Naturgy (NTGY) agreed on Monday to issue two series of senior unsecured fixed-rate bonds maturing in 6 and 10 years, respectively, under its €12 billion Euro Medium Term Note Programme. The 6-year bond, maturing on 21 May 2031, has a fixed annual coupon of 3.375% and a principal amount of €500 million. The 10-year bond, maturing on 21 May 2035, has a fixed annual coupon of 3.875%…


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Naturgy’s electricity distributor to invest €1.33 billion until 2028 to apply remote metering and sensor technologies to grid

Link Securities | UFD, the energy group’s electricity distributor, will invest €1.33 billion until 2028 to reinforce and digitise its electricity grid in Spain, according to Bolsamania.com. The objective of these investments is to improve the service offered to its customers and to promote the development of the energy transition, as established in the new Strategic Plan. The investments made by UFD also aim to incorporate and provide a quality…


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Naturgy launches first major hybrid project worldwide

Link Securities | Naturgy (NTGY), through its international electricity generation subsidiary Global Power Generation (GPG), has launched its first major hybrid project worldwide involving photovoltaic generation and battery storage, according to Bolsamanía. This is a pioneering project in many senses, as it is also the first large-scale hybrid photovoltaic and battery storage project in Western Australia. Cunderdin, named after its location, has started operating after more than three months of…