Naturgy

Relevant News Item 2nd April 2025

CNMV admits Naturgy’s application to formulate self-tender offer for processing

Link Securities | The National Securities Market Commission (CNMV) agreed on 1 April 2025 to admit for processing, in accordance with the provisions of the Law, the authorisation request submitted by Naturgy (NTGY) on 26 March 2025 for the formulation of a voluntary takeover bid (OPA) for its own shares, on the understanding that the prospectus and the other documents submitted comply with the provisions of said article. The admission…

Relevant News Item 27th March 2025

Taqa negotiates entry into Naturgy’s shareholding structure with stake of up to 29.9%, no takeover bid, and hand in hand with CriteriaCaixa

Bankinter | The energy giant Taqa, controlled by the Emirate of Abu Dhabi, is studying the possibility of acquiring a stake in Naturgy. According to articles that have appeared in the press, Taqa would enter with a non-majority shareholding, hand in hand with CriteriaCaixa and with the approval of the Government, which has the right of veto over this type of strategic operation. At the moment, Naturgy has a self-tender…

Companies, Relevant News Item 25th February 2025

Improved dividend and announcement of purchase of 10% by company itself continue to support Naturgy

Banc Sabadell | From the conference call results 2024 and update of the Strategic Plan 25-27 of Naturgy (NTGY) we highlight: Given that market conditions are now more complex for investing, they prefer to be more cautious, so if they do not find investments they will distribute the accumulation of cash to shareholders; all this would be conditional on a floor in the BBB rating (S&P). They are committed to…

Spanish economy 20th February 2025

Naturgy, €1.901 billion earnings in 2024, launching €2.4-billion voluntary takeover bid for 10% of capital to recover free float

Naturgy earned €1.901 billion in 2024, down from the €1.986 billion obtained in 2023. The company’s EBITDA was €5.365 billion, compared to €5.475 billion a year earlier, while investments for the year amounted to €2.280 billion (€2.747 billion in 2023) and net debt rose to €12.201 billion from €12.090 billion, with a debt/EBITDA ratio of 2.3 times. Naturgy has emphasized that these figures illustrate “the group’s ability to continue creating…

Spanish economy 11th February 2025

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…

In the World 10th February 2025

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

In Spain 9th January 2025

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…

In Spain 18th December 2024

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…

In Spain 2nd December 2024

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…

In Spain 6th November 2024

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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