Tag #Taqa

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kathimerini.gr

🌐 85% Global Worthiness

Sep 9, 10:16

Greece-Cyprus Tensions Stall Great Sea Interconnector Project

A dispute between Greece and Cyprus over funding for the Great Sea Interconnector (GSI) project, coupled with financial concerns from the implementing body ADMIE and contractor Nexans, threatens to halt construction, jeopardizing the project's 657 million euro budget.

Greece-Cyprus Tensions Stall Great Sea Interconnector Project

A dispute between Greece and Cyprus over funding for the Great Sea Interconnector (GSI) project, coupled with financial concerns from the implementing body ADMIE and contractor Nexans, threatens to halt construction, jeopardizing the project's 657 million euro budget.

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Industry, Innovation, and Infrastructure

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How do the financial concerns of ADMIE and Nexans impact the broader political and economic context of the project?

ADMIE's financial predicament creates a major point of contention between Athens and Nicosia, with potential legal action looming if Cyprus does not cover its share of the costs. This uncertainty and a prior investigation into the management of EU funds further complicate securing future financing.

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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Decent Work and Economic Growth

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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

🌐 85% Global Worthiness

Aug 25, 19:17

Taqa Acquires Spanish Water Firm GS Inima for $1.2 Billion

Taqa, Abu Dhabi's National Energy company, purchased GS Inima, a Spanish water management firm, for approximately \$1.2 billion in a deal expected to close in 2026, pending regulatory approval; this is Taqa's first Spanish investment.

Taqa Acquires Spanish Water Firm GS Inima for $1.2 Billion

Taqa, Abu Dhabi's National Energy company, purchased GS Inima, a Spanish water management firm, for approximately \$1.2 billion in a deal expected to close in 2026, pending regulatory approval; this is Taqa's first Spanish investment.

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Clean Water and Sanitation

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What is the significance of Taqa's acquisition of GS Inima for both companies and the broader water sector?

Taqa, Abu Dhabi's main electricity company, has acquired GS Inima, a Spanish water management firm, for approximately \$1.2 billion. This marks Taqa's first investment in Spain, following previous attempts to enter the Spanish market through Naturgy. The acquisition is expected to close in 2026, pending regulatory approval.

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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Responsible Consumption and Production

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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.

Showing 1 to 4 of 4 results