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Naturgy Energy Group SA (GAN.DU)
- Reuters
Spain's watchdog probes Naturgy for anti-competitive practices
Spain's Naturgy has been placed under investigation regarding possible anti-competitive practices in the country's electricity distribution market, watchdog CNMC said on Wednesday. The CNMC raided two Naturgy offices as part of the investigation, it said in a statement. The watchdog will look into whether Naturgy electricity unit UFD "gave preferential and discriminatory treatment to incidents and complaints filed by wholesalers in 2021 and 2022 in detriment of other independent ones", the statement said.
- Reuters
Criteria will seek as soon as possible new partner for Naturgy takeover bid -source
Spanish holding firm Criteria will seek a new partner for a potential takeover bid for utility Naturgy as soon as possible after it recently failed to reach an agreement with Abu Dhabi's TAQA, a Criteria source said on Monday. Asked if it had to be an industrial partner from the energy sector, the source said Criteria - which owns 26.7% of Naturgy - was open to any shareholder that brings growth to Spain's largest gas company. The source added that Criteria does not like acting alone when it comes to companies it deems strategic.
- Investing.com
Spain's Naturgy dips after holding vehicle, Abu Dhabi's TAQA end takeover talks
Investing.com -- Madrid-listed shares in Naturgy (BME:NTGY) slipped on Tuesday after holding vehicle Criteria said it had not reached an agreement with Abu Dhabi's TAQA over a joint takeover of Spain's largest natural gas group.
