Spanish holding firm Criteria will seek a new partner for a potential takeover bid for utility Naturgy as soon as possible after it recently failed to reach an agreement with Abu Dhabi's TAQA, a Criteria source said on Monday. Asked if it had to be an industrial partner from the energy sector, the source said Criteria - which owns 26.7% of Naturgy - was open to any shareholder that brings growth to Spain's largest gas company. The source added that Criteria does not like acting alone when it comes to companies it deems strategic.
(Bloomberg) -- Naturgy Energy Group SA slumped the most since March 2020 after two key investors abruptly ended talks to acquire the Spanish utility — a move that threatens to revive longstanding shareholder tensions at the company. Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareMusk to Ban Apple Devices If OpenAI Is Integrated Into OSApple Hits Record After Unveiling ‘AI for the Rest of Us’ PlanNYC Landlord to Sell Office Building at Roughly 67% DiscountFed’s H
Investing.com -- Madrid-listed shares in Naturgy (BME:NTGY) slipped on Tuesday after holding vehicle Criteria said it had not reached an agreement with Abu Dhabi's TAQA over a joint takeover of Spain's largest natural gas group.