Naturgy Energy Group, S.A. (NTGY.MC)
- Reuters
Spanish government signals openness to TAQA's bid for Naturgy
Spain on Friday signalled it was open to a potential takeover bid of energy firm Naturgy by Abu Dhabi's TAQA, saying that while the government will defend its strategic interests that did not imply it would block the deal. TAQA confirmed on Wednesday it is in discussions with the three largest shareholders of Naturgy about a possible bid for the largest natural gas firm in Spain. Given Naturgy's strategic role in the country's energy system, the government by law must have a say on such a deal.
- Reuters
Spain energy minister: early to say if state will take stake in Naturgy
Spain's Energy Minister Teresa Ribera said on Thursday that it was still to early for the government to evaluate a potential stake in Spanish energy firm Naturgy in view of a possible takeover bid by Abu Dhabi's TAQA. TAQA confirmed on Wednesday it is in discussions with the three largest shareholders of Naturgy which could lead to a possible full takeover bid for the largest natural gas firm in Spain. Naturgy and has key contracts with Algeria and also a long-term contract to import some 3 billion cubic metres (bcm) of Russian liquefied natural gas every year.
- Bloomberg
Abu Dhabi’s Taqa Holds Talks With Naturgy Holders About Deal
(Bloomberg) -- Abu Dhabi National Energy Co. has approached two shareholders of Naturgy Energy Group SA about the possible acquisition of their stakes in the Spanish gas and power firm.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Red Lobster Considers Bankruptcy to Deal With Le
