Naturgy

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Naturgy’s green gas injection capacity grows 30% in 2024 thanks to eight operating biomethane plants

Alphavalue/ Divacons | Nedgia, Naturgy’s gas distributor, has increased the green gas injection capacity in its network by more than 30% over the last year. Currently, eight biomethane plants are connected and in operation, with a combined capacity of 226 GWh of green gas, which contributes to avoiding the emission of 40,500 tonnes of CO2 into the atmosphere, as reported yesterday by Naturgy in a press release. In the short…


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UK’s largest pension fund takes 10% stake in IFM (16.7% Naturgy)

Banc Sabadell | Nest (National Employment Savings Trust), the UK’s largest pension fund, has become a 10% shareholder in Industry Super Holdings, the holding company of Australian fund IFM (16.7% NTGY) with which it expects to invest close to £5bn (>€6bn) by 2030, according to press reports. Both expect to capitalise on significant investments in the UK private market and unlock new investments around the world. Assessment: Positive news with…


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

Naturgy leads alliance to develop 30 biogas plants in Spain

Naturgy announced on Thursday the signing of a strategic alliance with Hispania Silva, a company specialized in waste valorization with extensive experience in the agri-food sector, for the construction of a minimum of 20 biogas production plants, which could reach as many as 30. The plants that are part of this alliance, which will be distributed throughout Spain and will be operational before 2030, will have the capacity to generate…


Repsol's bet on alternative energies

Spain: PNV refuses to support extraordinary tax on energy companies

Reconciling the support of center-right nationalist parties, such as the Basque Nationalist Party (PNV) or Junts per Catalunya (the party of the fugitive Puigdemont), with that of extreme left parties (Podemos, Sumar…) was possible a year ago, to elevate Pedro Sánchez to the presidency of the Government despite having lost the elections. Spain has never had a weaker government, more willing to stay in power by making the necessary concessions…


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Naturgy given EIB loan of €1bn for photovoltaic and onshore wind power plants and upgrades of existing facilities

Alphavalue / Divacons | The European Investment Bank and Naturgy on Friday agreed a €1 billion loan for solar PV and onshore wind power plants and the modernisation of existing facilities in Spain. The first tranche of this financing, for €400 million, was signed in Madrid, including a portion for battery energy storage projects for renewable energies. This project will increase Spain’s renewable power generation capacity by 2.3 GW, contributing…


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Government imposes conditions on Blackrock to enter Naturgy

Bankinter | The Government has taken advantage of the operation of purchase of Global Infrastructure Partners (GIP) by BlackRock, to raise again a series of shields on the company. In January this year, BlackRock, the largest private equity fund manager in the world, announced an agreement to buy GIP, which has been a shareholder of Naturgy since 2016. As a result, BlackRock has become the indirect holder of 20.641% of…


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Australian fund IFM reaches 16.023% in Naturgy capital, consolidates position as largest shareholder

Bankinter : In January of this year, its stake was 15%. In the last nine months it has acquired an additional 1% of the capital. IFM consolidates its position as the fourth largest shareholder in Naturgy, after La Caixa, which through Criteria holds 26.7%; CVC which, in its latest communication in June, states that it holds 20.715%; and GIP, with just over 20%. Part of the shares held by CVC…


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Naturgy launches offer to buy back secured bonds for €1,000 million

Alphavalue/DIVACONS | The gas and electricity company has launched a buyback offer for a maximum amount of €1 billion, aimed at holders of several series of covered bonds maturing between 2025 and 2028, the company informed the Spanish Securities and Exchange Commission (CNMV) on Monday. In particular, through Naturgy Finance Iberia, the company has announced an invitation to the holders of a series of guaranteed bonds for an amount of…


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Government authorises BlackRock’s entry into Naturgy but bars stock exchange delisting

Banc Sabadell: The Council of Ministers approved the entry of Blackrock in Naturgy (NTGY) after the purchase of GIP (20% NTGY) last January with the guarantees established for strategic companies. Although Blackrock would have requested the possibility of assessing a future delisting or analysing a sale of assets (such as the one included in the Gemini Project), it would have been denied. It will have to face the same conditions…


Naturgy

Naturgy earns €1,043 million in June and improves forecasts for 2024

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…