BlackRock may acquire 20% stake in Naturgy
Financial giant BlackRock has received approval from the Spanish government to acquire 20% of Naturgy, consolidating its position as a reference shareholder in the energy company. This stake comes from the purchase of alternative asset manager GIP, which had held that position in the gas company's capital since 2016. The transaction marks a major change in Naturgy's shareholding structure, following the failed takeover attempt by Emirati energy company Taqa before the summer.
The Council of Ministers, under the leadership of the Ministry of Economy, has given the green light to the transaction, maintaining its policy of attracting foreign investment without compromising the country's strategic interests. Although the conditions imposed have not been specified, BlackRock is likely to face similar requirements to those set in 2020, when the Australian fund IFM acquired a 15% stake in Naturgy. These conditions include commitments in renewables, head office in Spain, and labor stability.
Naturgy’s Outlook
With the entry of BlackRock, new perspectives open up for Naturgy, both financially and strategically. BlackRock is known for its long-term approach and its ability to provide stability in the companies where it invests. This could reduce selling pressure from other funds, such as CVC, which also owns 20% of the company and has been looking to exit the capital in recent times.
On an operational level, BlackRock's entry could facilitate the implementation of new energy transition projects, as the company has a strong commitment to sustainability and renewable energy investments. Naturgy could leverage this capital injection to expand its clean energy operations, which would be aligned with government policies and global trends toward decarbonization.
In addition, BlackRock could help strengthen Naturgy's international presence, opening doors to new markets and growth opportunities, all in an environment where financial stability and debt reduction will be key to improving the company's competitiveness in the coming years.
Ion Jauregui - Analyst ActivTrades
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
The Council of Ministers, under the leadership of the Ministry of Economy, has given the green light to the transaction, maintaining its policy of attracting foreign investment without compromising the country's strategic interests. Although the conditions imposed have not been specified, BlackRock is likely to face similar requirements to those set in 2020, when the Australian fund IFM acquired a 15% stake in Naturgy. These conditions include commitments in renewables, head office in Spain, and labor stability.
Naturgy’s Outlook
With the entry of BlackRock, new perspectives open up for Naturgy, both financially and strategically. BlackRock is known for its long-term approach and its ability to provide stability in the companies where it invests. This could reduce selling pressure from other funds, such as CVC, which also owns 20% of the company and has been looking to exit the capital in recent times.
On an operational level, BlackRock's entry could facilitate the implementation of new energy transition projects, as the company has a strong commitment to sustainability and renewable energy investments. Naturgy could leverage this capital injection to expand its clean energy operations, which would be aligned with government policies and global trends toward decarbonization.
In addition, BlackRock could help strengthen Naturgy's international presence, opening doors to new markets and growth opportunities, all in an environment where financial stability and debt reduction will be key to improving the company's competitiveness in the coming years.
Ion Jauregui - Analyst ActivTrades
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.