IFM Global Infrastructure Fund Buys $2.7 Billion Stake in Naturgy
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 firstname.lastname@example.org
(END) Dow Jones Newswires
October 14, 2021 08:55 ET (12:55 GMT)
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