Abu Dhabi’s Taqa, Criteria Drop Talks to Buy $26 Billion Spanish Utility

-- Naturgy Energy Group SA slumped the most since March 2020 after two key investors abruptly ended talks to acquire the Spanish utility — a move that threatens to revive longstanding shareholder tensions at the company.NYC Landlord to Sell Office Building at Roughly 67% DiscountInvestment Bank Moelis Probes Incident After Video of Employee Appearing to Punch Woman

Taqa subsequently said it was in talks with GIP and CVC to buy their stakes. Criteria and Naturgy management have long clashed with the other shareholders over strategy. Bringing Taqa on board to buy out GIP and CVC was seen as a way to ease those tensions.A takeover deal likely would have drawn scrutiny from the Spanish government, which has the power to veto acquisitions of stakes greater than 10% in companies deemed as strategic.

On Monday, Criteria reiterated its commitment as a long-term investor in Naturgy and said it’s still talking with other potential partners.Bitfarms Adopts ‘Poison Pill’ After Riot Takeover Offer Turns Hostile

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Abu Dhabi’s Taqa, Criteria Drop Talks to Buy $26 Billion Spanish UtilityAbu Dhabi National Energy Co. and Criteria Caixa SA have ended talks to jointly take over a €24 billion ($26 billion) Spanish utility.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »