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Naturgy Energy Group, S.A. (0NPV.IL)

IOB - IOB Delayed price. Currency in EUR
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20.16+0.13 (+0.65%)
At close: 05:33PM GMT
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  • Reuters

    Renewables power profits at Spain's Naturgy despite lower gas prices

    MADRID (Reuters) -Spanish power company Naturgy's profit rose more than 20% last year, beating analyst expectations, as a strong performance in renewables helped offset lower prices and a dip in demand that hit its gas business. Core earnings - before interest, tax, depreciation and amortisation - leapt 41% at the renewables business, driven by the company's home market of Spain. But that was partly offset by a slowdown in the gas business, and the company did not provide guidance for this year due to the "extreme" volatility of energy markets and weather.

  • Reuters

    Australia's IFM eyes expansion in Spanish renewables, telecoms

    Australian fund IFM Investors is looking at businesses in the Spanish renewables and telecom industries as it seeks to expand its presence in the country, its top managers said on Monday. The fund has already invested around 8 billion euros ($8.4 billion) in Spain, including a 14.5% stake in power utility Naturgy, its flagship investment in the country. "Our teams analyse all the infrastructure assets in the world in search of investment opportunities, and Spain will receive investments from IFM," Chief Executive David Neal told reporters.

  • Reuters

    New owners of Spain's Celsa appoint former Gas Natural Fenosa CEO as chairman

    The new owners of steel maker Celsa, Spain's largest private industrial group, said on Wednesday they will appoint former Gas Natural Fenosa CEO Rafael Villaseca as chairman of its board of directors. On Monday, a local court in Barcelona approved a multibillion-euro restructuring plan presented by Celsa's creditors, handing over control of the firm to a group that includes Deutsche Bank, Attestor, Anchorage, GoldenTree and SVP. Celsa's restructuring is the first major test of Spain's new insolvency law that allows debtors to make use of pre-insolvency mechanisms early and benefit from court protection.