Criteria will seek a new partner for Naturgy’s takeover bid as soon as possible – source

Estimated real time


Tradegate

13:56:08 06/17/2024

Varia. 5d.

Varia. Jan 1

20.48
EUR

-2.38%

-17.46%

-24.00%

Spanish holding company Criteria will seek a new partner as soon as possible for a potential takeover bid for Spanish gas company Naturgy, after recently failing to reach an agreement with Abu Dhabi’s TAQA, a person with knowledge of the matter said on Monday. projects.

Asked whether it should be an industrial partner from the energy sector, the source said Criteria – which holds a 26.7% stake in Naturgy – was open to any type of shareholder likely to bring growth to the company.

The source added that Criteria does not like to act alone when it comes to companies it considers strategic (reporting by Joan Faus; writing by Aislinn Laing and David Latona).

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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.

Period Day Week

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Naturgy Energy Group, SA specializes in the processing, transport and distribution of natural gas, and in the production of electricity. The group’s activity is organized around 4 divisions: – purchase, transport and distribution of natural gas: 386,479 GWh distributed in 2022, through a network of 136,272 km of gas pipelines; – production and distribution of electricity: 47,029 GWh produced and 34,033 GWh distributed through a network of 155,060 km of electrical lines; – transport and sale of liquefied natural gas; – management and operation of gas and electricity infrastructure. The geographical distribution of turnover is as follows: Spain (53%), Europe (14.5%), Latin America (22.3%) and others (10.2%).

More information about the company

Sale
Consensus

Purchase

Average recommendation

ALLEVIATE

Last Closing Course

20.98
EUR

Average course objective

24.04
EUR

Gap / Average Objective

+14.58%

Consensus

Varia. Jan 1

Capi.

-24.07% 21.56 billion
+0.22% 17.52 billion
+36.85% 17.46 billion
-4.20% 12.46 billion
+19.35% 9.2 billion
+9.57% 8.91 billion
+1.49% 7.41 billion
-2.46% 7.09 billion
+9.53% 6.57 billion
-4.54% 5.18 billion

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