Naturgy has managed to repeat in the first half of this year 2024 the record results obtained last year in a context of a sharp global decline in energy prices. The energy company obtained up to June an Ebitda of €2,846 million and a net profit of €1,043 million, both at the same level as last year. The good results up to June and the outlook for the second half…

Bankinter | Naturgy is about to seal a new gas price agreement with the Algerian state-owned monopoly Sonatrach, its main supplier. Both groups are finalising a pact that definitively fixes the price of supplies in 2023 retroactively and those of 2024. In addition, the criteria for revisions from 2025 to 2027 are beginning to be established.for revisions from 2025 to 2027. This will put an end to years of tense…

Alphavalue/DIVACONS | The company announced the start-up of its third biomethane plant in Spain, which will increase its renewable gas production capacity to 29 GWh per year, an amount equivalent to the gas consumption of about 6,000 homes, according to a statement yesterday. On the other hand, Ángel Simón, CEO of Criteria Caixa, said that “one of the first initiatives, if not the first” of Criteria’s Strategic Plan is to…

CriteriaCaixa, the industrial holding company of La Caixa Foundation, has announced that it has broken off negotiations with TAQA to launch a public takeover bid (PTB) for Naturgy that would satisfy the participation of the CVC and GIP funds. It thus puts an end to more than a month of negotiations with the Abu Dhabi energy and water operator, which apparently intended to take 51% of the joint vehicle, which…

Banc Sabadell | Naturgy (NTGY) has approved a roadmap for its electricity distribution network subsidiary with an ambitious investment programme, proposing to invest €1.34 billion until 2027 to digitise and reinforce infrastructure, according to press reports. Assessment: Positive news with limited impact, where Naturgy could be reviewing its current roadmap that expires in 2025 regardless of what happens with the takeover bid (currently under negotiation). It would make sense that,…

Banco Sabadell : According to press reports, Criteria and TAQA are negotiating the distribution of power in a hypothetical joint control within Naturgy. The same sources indicate that this could lead to a balance in the capital (Criteria and TAQA with very similar stakes) although initially Criteria would only intend to slightly increase its 26.7%. We recall that other sources pointed out yesterday that the main issue to be resolved…

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…

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…

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…