By Aimee Look
BlackRock's Global Infrastructure Partners sold a 1.7 billion-euro ($1.99 billion) stake in Spanish energy company Naturgy, according to a regulatory filing.
The Spanish market regulator CNMV said Thursday that GIP--which was acquired by BlackRock last year--sold 69 million shares in Naturgy for 24.75 euros each.
The sale accounts for approximately 7.1% of Naturgy's share capital, and J.P. Morgan is a book-builder on the sale, the regulator said.
After the sale, GIP will still retain an 11.42% stake in Naturgy, which will be subject to a 90-day lockup period, according to the filing.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
12-11-25 0255ET
