Naturgy

Naturgy will be able to undo the provisions for hyperinflation and devaluation of the peso

Iberdrola, Naturgy and Endesa face new competition: JP Morgan enters direct electricity retail market in Spain via Sonnedix

Norbolsa | The renewable energy platform controlled by JPMorgan Asset Management is finalising a new strategic plan under which it intends to enter the direct electricity retail market. In addition to developing and managing renewable energy facilities, it will now also market its own and third-party electricity, competing with major electricity companies such as Iberdrola, Naturgy and Endesa. Although it is an international platform with a presence in nine countries,Sonnedix…


naturgy poetica

Naturgy commissions six new solar power plants in Andalusia, bringing renewable capacity in region to over 600 MW

Link Securities | Naturgy (NTGY) announced on Wednesday the commissioning of six new solar power plants in Andalusia, located in the provinces of Seville and Jaén, enabling it to double its renewable capacity in the region, according to Bolsamanía. The facilities, which can be integrated with battery storage, add an additional 300 MW to the group’s portfolio and increase Naturgy’s operational renewable capacity in the region to over 600 MW….


naturgy eolica

CriteriaCaixa takes advantage of GIP-BlackRock’s accelerated placement to snap up another 2.5% of Naturgy’s capital for €611 million

Link Securities | CriteriaCaixa, the holding company that manages the assets of Fundación La Caixa, has acquired an additional 2.5% of Naturgy (NTGY) capital for €611 million, taking advantage of the accelerated placement that GIP-BlackRock carried out between Monday and yesterday on the capital market, according to Expansión. As a result, CriteriaCaixa now holds 28.5% of Naturgy’s capital and is entitled to another seat on the Board of Directors.


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BlackRock exits Naturgy’s shareholder base with accelerated placement of the 11.4% it still held

Renta 4 | GIP (BlackRock) carries out an accelerated placement of the 11.4% of Naturgy’s capital it still held at a price of €25.20 per share, representing a discount of close to 6% on the previous day’s closing price. Assessment: Although this move is likely to cause the share price to adjust to the placement price, we consider the news to be positive as it provides greater liquidity to the…


Naturgy launches strategic plan

Naturgy earnings up 6.4% to €2.023 billion in 2025

Naturgy presented its 2025 fiscal year results yesterday. In comparing these figures to the previous year, we highlight the following aspects: Net Sales: Increased by 1.0% year-on-year (year-on-year) in 2025, reaching €19,455 million. EBITDA: Decreased by 0.6% year-on-year to €5,334 million. In terms of sales, the EBITDA margin stood at 27.4% at the end of 2025, compared to 27.8% the previous year. EBIT: Net operating profit rose to €3,580 million…


naturgy eolica

Blackrock plans to continue operation and reduce stake in Naturgy to around 5%

Banc Sabadell | BlackRock, following the accelerated placement of 7.1% of Naturgy’s (NTGY) capital in December (up to 12.62% NTGY), plans to continue the operation and reduce its stake to around 5% of the capital, managed solely through passive funds, according to press reports. Assessment: This news comes as no surprise, as it was partly expected since BlackRock placed 7% of the capital in December (at a price of €24.75/share,…


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CriteriaCaixa strengthens Naturgy stake to 25.98% after purchasing additional 2% from BlackRock

Norbolsa | The investment arm of Fundación LaCaixa has taken advantage of the partial sale executed last week by BlackRock to strengthen its position as the largest shareholder in the energy company and increase its stake to almost 26% of the capital, according to records from the Spanish National Securities Market Commission (CNMV). CriteriaCaixa thus recovers part of the weight it lost with the “self takeover bid” carried out by…


Naturgy

CVC and March renew agreement with Naturgy to gain freedom in sale of shares

Bankinter | CVC and Corporación Financiera Alba (controlled by the March family) have announced a reformulation of their shareholder agreement with Naturgy (NTGY). CVC and CF Alba currently hold more than 18% of Naturgy, but manage it jointly through various vehicles under the common name of Rioja. With the new changes, Alba will have a direct stake of 5.01% and CVC of 13.80%. The new agreement includes the main aspects…


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Blackrock sells 7.1% of Naturgy stake, becoming fourth largest shareholder

Alphavalue / Divacons | Blackrock adjusted its stake in Naturgy to 12.6% after selling 7.1% held through Global Infrastructure Partners (GIP), according to the latest update of the National Securities Market and (CNMV) records published yesterday. This makes the investment fund the fourth largest shareholder, behind Criteria (23.96%), CVC (18.58%) and the Australian fund IFM (15.16%). Meanwhile, CriteriaCaixa strengthened its position as Naturgy’s main shareholder by increasing its stake to…


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BlackRock sells 7.1% of Naturgy’s capital in accelerated placement at €24.75 per share, 5.4% discount

Bankinter | BlackRock announced on Wednesday at the close of trading the accelerated placement of 7.1% of Naturgy (NTGY), reducing its stake from 18.5% to 11.4%. The placement price will be €24.75 per share, representing a discount of 5.4% on yesterday’s closing price. At the placement prices, the value of this package reaches €1.7 billion. BlackRock will go from being the third to the fourth largest shareholder in the company….