Tag #Naturgy

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cincodias.elpais.com

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Jun 19, 22:15

Naturgy's Self-Tender Offer Oversubscribed, Exceeding Target

Naturgy's self-tender offer to repurchase 9.08% of its shares concluded successfully with 86.37% acceptance, exceeding the limit and triggering a pro-rata distribution among the 2,887 acceptors, with the aim of increasing the company's free float.

Naturgy's Self-Tender Offer Oversubscribed, Exceeding Target

Naturgy's self-tender offer to repurchase 9.08% of its shares concluded successfully with 86.37% acceptance, exceeding the limit and triggering a pro-rata distribution among the 2,887 acceptors, with the aim of increasing the company's free float.

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What was the outcome of Naturgy's self-tender offer, and what are the immediate implications for its share structure?

Naturgy successfully completed its self-tender offer, with 86.37% of its capital accepting the offer to buy back 88 million shares (9.08% of its capital). This exceeded the maximum limit, resulting in a pro-rata distribution among the acceptors.

cincodias.elpais.com

🌐 75% Global Worthiness

May 29, 01:13

CNMV Approves Naturgy's €2.3 Billion Share Buyback

The Spanish CNMV approved Naturgy's €2.3 billion share buyback plan to increase its free float and liquidity, abandoning its previously planned Geminis division plan; the operation will be completed by 2027.

CNMV Approves Naturgy's €2.3 Billion Share Buyback

The Spanish CNMV approved Naturgy's €2.3 billion share buyback plan to increase its free float and liquidity, abandoning its previously planned Geminis division plan; the operation will be completed by 2027.

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What is the primary impact of Naturgy's share buyback on the company's financial state and market position?

Naturgy, a Spanish gas company, received approval from the CNMV to buy back up to 9% of its shares at €26.5 each, totaling €2.3 billion. This buyback, supported by its four main shareholders, aims to increase the company's free float and liquidity.

elmundo.es

🌐 75% Global Worthiness

May 28, 22:13

CNMV Approves Naturgy's €2.3 Billion Self-Tender Offer

The Spanish energy company Naturgy received CNMV approval for a €2.3 billion self-tender offer to buy back 9.08% of its shares, aiming to increase market liquidity and rejoin major global stock indices, a move supported by major shareholders holding 84.97% of the capital.

CNMV Approves Naturgy's €2.3 Billion Self-Tender Offer

The Spanish energy company Naturgy received CNMV approval for a €2.3 billion self-tender offer to buy back 9.08% of its shares, aiming to increase market liquidity and rejoin major global stock indices, a move supported by major shareholders holding 84.97% of the capital.

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What were the CNMV's key concerns regarding Naturgy's self-tender offer, and how were those concerns addressed?

The CNMV's approval follows a two-month review process, during which additional information was requested to verify that the buyback genuinely increases Naturgy's free float. The operation is supported by major shareholders holding 84.97% of the capital, including CriteriaCaixa, Blackrock, CVC, and IFM, who have committed to tendering their shares. This strategic move is a direct response to Naturgy's exclusion from key indices due to decreased liquidity resulting from prior acquisitions by IFM and CriteriaCaixa.

cincodias.elpais.com

🌐 85% Global Worthiness

Mar 26, 07:13

Naturgy Approves Share Repurchase, Paving Way for Taqa Investment

Naturgy's shareholder meeting approved a €2.332 billion share repurchase plan, allowing major shareholders CVC and BlackRock to partially divest their stakes to Emirati energy firm Taqa, avoiding a full takeover and increasing market liquidity.

Naturgy Approves Share Repurchase, Paving Way for Taqa Investment

Naturgy's shareholder meeting approved a €2.332 billion share repurchase plan, allowing major shareholders CVC and BlackRock to partially divest their stakes to Emirati energy firm Taqa, avoiding a full takeover and increasing market liquidity.

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How does the renewed interest from Taqa and the share repurchase plan address previous obstacles in negotiations?

The repurchase offer, costing €2.332 billion, is strategically linked to Taqa's renewed interest in acquiring a stake in Naturgy. This approach avoids the complexities of a full takeover and allows existing major shareholders to reduce their holdings, increasing market liquidity. The deal is conditional on shareholder approval, with the next step being the submission of the prospectus to the market regulator.

cincodias.elpais.com

🌐 75% Global Worthiness

Mar 14, 13:11

Naturgy's Share Buyback: Uncertain Participation and High Price Raise Concerns

Naturgy's March 25th shareholder meeting will decide on a €26.5 per share buyback offer of up to 10% of its shares, aiming to increase free float and re-enter major stock indexes, despite uncertainty over shareholder participation and a potentially problematic approval condition.

Naturgy's Share Buyback: Uncertain Participation and High Price Raise Concerns

Naturgy's March 25th shareholder meeting will decide on a €26.5 per share buyback offer of up to 10% of its shares, aiming to increase free float and re-enter major stock indexes, despite uncertainty over shareholder participation and a potentially problematic approval condition.

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What are the immediate implications of Naturgy's planned share buyback, and how might it affect the company's stock market position?

Naturgy's shareholder meeting on March 25th will vote on a buyback offer of up to 10% of its shares at €26.5 per share. Key shareholders have committed to participate proportionally, but the final participation level is uncertain. The offer's validity depends on either securing pre-meeting commitments from shareholders holding over 10% or the board deeming the acceptance level sufficient.

cincodias.elpais.com

🌐 45% Global Worthiness

Mar 7, 13:11

Spanish Companies Announce Millions in March Dividend Payments

Several Spanish companies, including Sabadell (€700 million), Neinor Homes (€62.2 million plus a planned €123 million), Aperam, Prim, and DESA, will pay dividends in March 2025, reflecting a positive trend in shareholder returns following a strong January payout and indicating confidence in future m...

Spanish Companies Announce Millions in March Dividend Payments

Several Spanish companies, including Sabadell (€700 million), Neinor Homes (€62.2 million plus a planned €123 million), Aperam, Prim, and DESA, will pay dividends in March 2025, reflecting a positive trend in shareholder returns following a strong January payout and indicating confidence in future m...

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What are the potential longer-term implications of these dividend payments for investor confidence and the overall health of the Spanish economy?

The diverse range of companies paying dividends—from banking (Sabadell) to real estate (Neinor Homes), industrial (Aperam), healthcare (Prim), and even smaller-cap firms like DESA—suggests a broad-based recovery and positive outlook in the Spanish market. Naturgy's planned dividend increase to €1.9 per share by 2027 signifies a growing commitment to long-term shareholder returns within the energy sector, indicating a positive outlook for this sector as well. The continued dividend payouts indicate increased economic stability and investor confidence.

cincodias.elpais.com

🌐 75% Global Worthiness

Jun 11, 19:14

Naturgy Ordered to Cancel 1,812 Euros in Overcharges Due to Lack of Price Increase Notice

A Spanish court ordered Naturgy to cancel 1,812 euros in overcharges after failing to give a customer proper notice of a price increase; the company had tripled the electricity price without the required one-month warning, prompting a successful consumer complaint.

Naturgy Ordered to Cancel 1,812 Euros in Overcharges Due to Lack of Price Increase Notice

A Spanish court ordered Naturgy to cancel 1,812 euros in overcharges after failing to give a customer proper notice of a price increase; the company had tripled the electricity price without the required one-month warning, prompting a successful consumer complaint.

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Affordable and Clean Energy

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What consumer protection laws were violated by Naturgy's actions regarding notification of price changes and debt collection?

This case highlights Naturgy's violation of consumer protection laws by failing to provide adequate notification of a price increase. The customer's bill tripled due to this lack of notice, resulting in substantial overcharges. Facua's intervention underscores the importance of consumer advocacy in resolving such disputes.

elmundo.es

🌐 75% Global Worthiness

May 29, 04:11

Naturgy Launches New Digital Platform, Enhancing Customer Service and Operational Efficiency

Naturgy completed the migration of all its customers to a new digital platform in February 2025, offering improved service management, flexibility, and customer satisfaction, reflecting its strategic goal of becoming a European leader in customer service and operational efficiency.

Naturgy Launches New Digital Platform, Enhancing Customer Service and Operational Efficiency

Naturgy completed the migration of all its customers to a new digital platform in February 2025, offering improved service management, flexibility, and customer satisfaction, reflecting its strategic goal of becoming a European leader in customer service and operational efficiency.

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What are the long-term implications of integrating AI into Naturgy's customer service platform?

Naturgy plans to progressively integrate AI to enhance customer service processes, improving contract and invoice management and self-service functionalities. This aims to simplify energy service monitoring and optimization for both customers and customer service agents across all channels. The platform's design, utilizing cloud computing, machine learning, and AI, ensures scalability and personalized solutions.

cincodias.elpais.com

🌐 85% Global Worthiness

Mar 27, 19:22

CaixaBank Denies Talks with Taqa Regarding Naturgy Stake

CaixaBank denied reports it's negotiating with Taqa to sell its 26.7% stake in Naturgy, despite earlier discussions between Taqa and other major shareholders (CVC and BlackRock) about a potential stake acquisition. Naturgy's ongoing share buyback complicates the matter further.

CaixaBank Denies Talks with Taqa Regarding Naturgy Stake

CaixaBank denied reports it's negotiating with Taqa to sell its 26.7% stake in Naturgy, despite earlier discussions between Taqa and other major shareholders (CVC and BlackRock) about a potential stake acquisition. Naturgy's ongoing share buyback complicates the matter further.

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What are the underlying factors driving Taqa's interest in acquiring a stake in Naturgy, and what are the potential consequences for CVC and BlackRock's investments?

The denial comes after Bloomberg reported that Taqa had renewed contact with CaixaBank to potentially buy a Naturgy stake. Previous discussions in 2024 involved Taqa aiming to acquire stakes from CVC and BlackRock, potentially leading to a full takeover. This time, the focus is on a smaller, below-30% stake to avoid mandatory full takeover bid regulations.

cincodias.elpais.com

🌐 75% Global Worthiness

Mar 14, 13:11

Naturgy Launches €2.3 Billion Share Buyback to Boost Market Position

Naturgy's board approved a €2.3 billion self-tender offer to buy back up to 10% of its shares at €26.5 each, backed by four major shareholders; this aims to increase its free float above 15% for MSCI index re-inclusion.

Naturgy Launches €2.3 Billion Share Buyback to Boost Market Position

Naturgy's board approved a €2.3 billion self-tender offer to buy back up to 10% of its shares at €26.5 each, backed by four major shareholders; this aims to increase its free float above 15% for MSCI index re-inclusion.

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How does the inclusion of additional board members reflect the shifting dynamics of shareholder power within Naturgy?

This STO aims to increase Naturgy's free float above 15%, enabling its re-inclusion in MSCI indices and enhancing liquidity. The offer's terms are identical for all participating shareholders, with a proportional reduction in their shareholdings. The €26.5 offer price remains unchanged regardless of future dividend payments.

cincodias.elpais.com

🌐 75% Global Worthiness

Mar 7, 01:11

Naturgy Faces Shareholder Backlash Over Executive Compensation

Proxy advisor Glass Lewis recommends voting against Naturgy's executive compensation policy, citing insufficient disclosure and concerns about a €14 million bonus for CEO Francisco Reynés and €80 million in performance-based payments to 130 executives; the upcoming March 25th shareholder meeting wil...

Naturgy Faces Shareholder Backlash Over Executive Compensation

Proxy advisor Glass Lewis recommends voting against Naturgy's executive compensation policy, citing insufficient disclosure and concerns about a €14 million bonus for CEO Francisco Reynés and €80 million in performance-based payments to 130 executives; the upcoming March 25th shareholder meeting wil...

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What are the key concerns raised by Glass Lewis regarding Naturgy's executive compensation, and what are the immediate implications for the upcoming shareholder meeting?

Glass Lewis, a proxy advisor, recommends voting against Naturgy's executive compensation policy, long-term incentive plan (2025-2027), and 2024 remuneration report. Key concerns include insufficient disclosure of compensation details and the use of an absolute stock price metric. This follows 130 executives receiving €80 million in performance-based payments tied to a 2018-2024 strategic plan, and CEO Francisco Reynés's pending €14 million multi-year bonus.

Showing 1 to 11 of 11 results