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    NTGY   ES0116870314

NATURGY ENERGY GROUP, S.A.

(NTGY)
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IFM Global Infrastructure Fund Buys $2.7 Billion Stake in Naturgy

10/14/2021 | 06:55am EST

By Cristina Roca

IFM Global Infrastructure Fund has bought a 10.83% stake in Spanish utility company Naturgy Energy Group SA, Spain's markets regulator said Thursday.

The Australian fund had originally launched a partial takeover bid for 22.69% of Naturgy's share capital via its investment vehicle Global Infraco O (2) Sarl at EUR22.07 a share.

CNMV, Spain's regulator, said the bidder dropped a 17% minimum acceptance threshold, and that the offer was accepted for 105,021,887 shares, worth 2.32 billion euros ($2.69 billion) based on the offer price.

Shares in Naturgy were suspended shortly before the announcement and will resume trading at 1300 GMT.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

10-14-21 0855ET

Stocks mentioned in the article
ChangeLast1st jan.
NATURGY ENERGY GROUP, S.A. -0.45% 24.45 Delayed Quote.29.54%
All news about NATURGY ENERGY GROUP, S.A.
11/17NATURGY ENERGY S A : begins operating its second wind farm in Australia
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11/17Naturgy Energy Issues $565 Million Perpetual Bonds Due 2027
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11/11NATURGY ENERGY GROUP, S.A. : Ex-dividend day for interim dividend
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11/10Naturgy's results up to September show recovery, although they fall short of the pre-pa..
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11/10Naturgy Energy Group, S.A. Reports Earnings Results for the Nine Months Ended September..
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11/10Naturgy trims earnings growth forecast as power prices squeeze margins
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11/10Spain's Naturgy Cuts FY21 EBITDA Guidance
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11/10Naturgy Nine-Month Profit Rose
DJ
11/10EMEA MORNING BRIEFING : Inflation Nerves to Hold Back Shares
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11/05Flogas Ireland Ltd. agreed to acquire Naturgy Limited from Naturgy Energy Group, S.A..
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More news
Analyst Recommendations on NATURGY ENERGY GROUP, S.A.
More recommendations
Financials
Sales 2021 17 007 M 19 220 M 19 220 M
Net income 2021 1 195 M 1 351 M 1 351 M
Net Debt 2021 11 310 M 12 782 M 12 782 M
P/E ratio 2021 21,4x
Yield 2021 4,91%
Capitalization 23 495 M 26 569 M 26 552 M
EV / Sales 2021 2,05x
EV / Sales 2022 1,95x
Nbr of Employees 7 627
Free-Float 36,5%
Chart NATURGY ENERGY GROUP, S.A.
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Naturgy Energy Group, S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends NATURGY ENERGY GROUP, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 18
Last Close Price 24,45 €
Average target price 21,58 €
Spread / Average Target -11,7%
EPS Revisions
Managers and Directors
Francisco Miguel ReynÚs Massanet Chairman & Chief Executive Officer
Carlos Ayuso Salinas Director-Internal Audit, Compliance & Control
Ramˇn Adell Ramˇn Independent Director
Francisco Belil Creixell Independent Director
Helena Herrero Starkie Independent Director
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