ramon adell

“Legal Uncertainty Is Lethal For Attracting Investment”

Ramón Adell is a board member of a large listed energy company, Naturgy, and several others. Right now, the Spanish business world is partly caught up in a wave of ICO loans and labour market measures such as ERTEs. Q: What effects do you think this bubble has had on the culture and management of companies in our country? A: There is still a certain anaesthesia in part of the…


Spanish Government Leaves Control Of Medgaz In The Hands Of Sonatrach (51%) And Naturgy And Blackrock (49%)

Link Securities | The Ministry of Ecological Transition has left the control of Medgaz in the hands of Sonatrach (51%) and Naturgy and Blackrock (49%). The submarine pipeline is the main entry point of natural gas into Spain until 2031. On July 5th, the fourth vice-president and Minister for Ecological Transition, Teresa Ribera, agreed to grant an exemption to the holders of the pipeline which frees them from the obligation…


Naturgy Remains Above The Price Of The Takeover Bid

IFM’s takeover bid for 22.7% of the capital of Naturgy (NTGY) at a price of 22.07 euros/share ended Thursday, with a level of acceptance of 10.83%. Far below the aspirations of the Australian fund. Naturgy shares rose on Thursday by 4.62% to 24.01 euros/share (a high of 24.87 euros/share) and closed on Friday at 23.25 euros/share. Today, Monday, it is still trading at 23 euros per share. Analysts suspect that…


Naturgy Expands Alliance With Sonatrach; Shares Outperform IFM’s Takeover Bid Price

Naturgy (NTGY) has reached an historic agreement with the Algerian company to expand the capacity of the Medgaz pipeline that supplies natural gas to Spain. The agreement provides for a 2 bcm (2,000 million cubic metres) per year increase in the pipeline’s capacity, 25% more, to over 10 bcm/year from the fourth quarter of this year. Once the extension is operational, 25% of Spanish natural gas consumption will pass through…

utilities brand value

Iberdrola, Naturgy And Endesa Among The 20 Utilities With The Highest Brand Value In The World

Iberdrola is the Spanish energy brand with the highest growth in brand value, with a 1.4% increase in brand value and remains the most valuable Spanish energy company in the world according to Brand Finance, the intangible valuation consultancy. Furthermore, Iberdrola is the only Spanish company in the sector’s top 10. It ranks 6th in the table and has a value of €4.38 Bn. The ranking is headed by China’s State Grid with €46.9 Bn.