New shock to Naturgy. The company presided by Francisco Reynéswhich celebrates its general shareholders meeting on Tuesday, thought it would be an event without surprises since it already had agreed with the main shareholders to approve the selfopa on a … 10% of the capital. However, the swells whip to her shareholders by transcending a meeting between CRITIA CAIXAmaximum shareholder of the company, and the Emiratí Group Taqa.
Specifically, as Bloomberg has revealed, the business’ holding of La Caixa would have had first -level contacts with the Energy Energy Company of Emirati. The objective would have been to resume some formula for Taqa to enter Naturgy’s shareholders.
From Critiaia Caixa they have declined to comment on the meeting that the president of Taqa would have had, Mohamed Hassan Alsuwaidiand representatives of the main shareholder of the Spanish Gasista company.
The meeting would have been in Spain, on the eve of the Board of Shareholders, and the objective would be to advance in a situation that was given to the spring of 2024. As explained from Bloomberg, criteria would be in an open position of dialogue provided that some conditions are given in the operation. La Caixa’s financial arm has put as a rule that Taqa, in no case, will be a majority shareholder. This would be an important point, since last year the Emirati group was going to take control along with the criteria itself.
From the Catalan ‘Holding, they would also have asked that diplomatic conflict with Algeria, one of Naturgy’ strategic partners should not give, through Sonatrach, for natural gas supply.
And, most importantly, that Criteria would never lose control of the Spanish gasist in case Taqa wants to be a shareholder. However, the information indicates that, again, there is no certainty that all this goes ahead.
A hot joint
Now, after the appearance of this information, which was provided for a quiet shareholders, returns uncertainty about the future of the company. Until these, Naturgy advanced in the selfopa of 2,332 million euros that she intends to launch about 10% of its capital to raise its ‘free-float’ (floating capital) in the 15% environment.
Energy reported that he had received commitments to accept the offer in its entirety by the shareholders holding representative shares of more than 10% of the capital of the company.
The offer, which is formulated as a sale of shares, is addressed to all Naturgy shareholders and extends to the acquisition of a maximum of 88 million own titles, totally subscribed and disbursed, representative of 9.08% of its social capital and their voting rights.
In principle, there are no expected surprises, even more, at the Board of Shareholders held this Tuesday. Although the Interested filtration On the part of one of those involved suggests that the noise of sabers within Naturgy’s board of directors will continue to sound.
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