By Cristina Roca


IFM Global Infrastructure Fund has bought a 10.83% stake in Spanish utility company Naturgy Energy Group SA, Spain's markets regulator said Thursday.

The Australian fund had originally launched a partial takeover bid for 22.69% of Naturgy's share capital via its investment vehicle Global Infraco O (2) Sarl at EUR22.07 a share.

CNMV, Spain's regulator, said the bidder dropped a 17% minimum acceptance threshold, and that the offer was accepted for 105,021,887 shares, worth 2.32 billion euros ($2.69 billion) based on the offer price.

Shares in Naturgy were suspended shortly before the announcement and will resume trading at 1300 GMT.


Write to Cristina Roca at


(END) Dow Jones Newswires

October 14, 2021 08:55 ET (12:55 GMT)

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