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    NTGY   ES0116870314

NATURGY ENERGY GROUP, S.A.

(NTGY)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 05/05 03:59:21 pm
21.345 EUR   +0.92%
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Naturgy to Sell Equity Shareholding in Chile Subsidiary for EUR2.57 Billion

11/13/2020 | 06:24am EDT

By Cecilia Butini

Naturgy Energy Group SA said Friday that it has entered into an agreement to sell its 96.04% equity shareholding in its Chilean subsidiary Compania General de Electricidad SA for a total purchase price of 2.57 billion euros ($3.03 billion).

The company said the beneficiary of the sale is Chinese company State Grid International Development Ltd., and that the purchase price is fully payable in cash upon completion of the transaction.

The enterprise value of the transaction for 100% of Compania General de Electricidad is EUR4.31 billion, Naturgy said, adding that its pretax capital gains are expected to be approximately EUR400 million.

Completion of the transaction is expected prior to the end of February 2021, according to the Spanish company.

Naturgy added that the transaction initiates a transformation process within the company, and that it will hold a Capital Markets Day in February 2021 when it releases annual results.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

11-13-20 0623ET

Stocks mentioned in the article
ChangeLast1st jan.
COMPAÑÍA GENERAL DE ELECTRICIDAD S.A. -0.03% 1026 End-of-day quote.12.11%
NATURGY ENERGY GROUP, S.A. 0.85% 21.33 Delayed Quote.12.50%
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More news
Financials
Sales 2021 16 404 M 19 700 M 19 700 M
Net income 2021 1 320 M 1 585 M 1 585 M
Net Debt 2021 11 394 M 13 684 M 13 684 M
P/E ratio 2021 15,3x
Yield 2021 7,08%
Capitalization 20 497 M 24 600 M 24 615 M
EV / Sales 2021 1,94x
EV / Sales 2022 1,76x
Nbr of Employees 8 372
Free-Float 27,3%
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 HOLD
Number of Analysts 21
Average target price 22,26 €
Last Close Price 21,33 €
Spread / Highest target 32,2%
Spread / Average Target 4,34%
Spread / Lowest Target -25,0%
EPS Revisions
Managers and Directors
NameTitle
Francisco Miguel Reynés Massanet Chairman & Chief Executive Officer
Carlos Javier Álvarez Fernández Chief Financial Officer
Ramón Adell Ramón Independent Director
Francisco Belil Creixell Independent Director
Helena Herrero Starkie Independent Director
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1st jan.Capitalization (M$)
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