Naturgy Proposes Conditional Share Acquisition Offer

Naturgy Energy Group, S.A. ( (ES:NTGY) ) has provided an update.

Naturgy Energy Group, S.A. has announced a proposal for a public offer to acquire shares at 26.5 euros per share, contingent upon approval at the upcoming General Shareholders’ Meeting. The offer’s execution is dependent on receiving commitments from shareholders holding more than 10% of the company’s capital, or the Board’s assessment of sufficient acceptance levels to increase free float capital, with no certainty of occurrence at this time.

More about Naturgy Energy Group, S.A.

Naturgy Energy Group, S.A. operates in the energy sector, focusing on the production and distribution of natural gas and electricity. The company is involved in various segments of the energy market, including generation, distribution, and commercialization, with a strong presence in both domestic and international markets.

YTD Price Performance: 7.65%

Average Trading Volume: 26,093

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €24.31B

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