{"id":90997,"date":"2024-04-17T00:00:00","date_gmt":"2024-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/taqa-in-talks-for-potential-takeover-of-naturgy\/"},"modified":"2024-04-17T00:00:00","modified_gmt":"2024-04-17T00:00:00","slug":"taqa-in-talks-for-potential-takeover-of-naturgy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/17\/taqa-in-talks-for-potential-takeover-of-naturgy\/","title":{"rendered":"Taqa in talks for potential takeover of Naturgy"},"content":{"rendered":"

Abu Dhabi National Energy Company (Taqa) is reportedly in discussions with Naturgy\u2019s three largest <\/strong>shareholders about a potential takeover of the Spanish energy player<\/strong>, Cinco Dias<\/a> reports, citing market sources. Spanish holding company Criteria \u2014 Naturgy\u2019s biggest shareholder \u2014 said it is negotiating with an unnamed investor group that has in turn been talking with some of Naturgy\u2019s major shareholders about a potential \u201cpartnership agreement,\u201d according to Reuters<\/a>. However, Criteria said it is not part of the talks between the investor group and other Naturgy shareholders. <\/p>\n

Who owns what:<\/strong> Criteria holds a 26.7% stake in Naturgy, making it the energy company\u2019s largest shareholder. Private equity investment funds CVC Advisers and Global Infrastructure Partners (GIP) each hold a little over 20% in the company. <\/p>\n

What TAQA could be getting:<\/strong> Adnoc\u2019s renewable energy subsidiary has reportedly been in talks to acquire 40% in Naturgy, but could be required to launch a mandatory tender offer (MTO) for 100% of the company, according to Cinco Dias. Spanish law dictates that any offer to buy more than 30% of a company automatically triggers an MTO requirement. <\/p>\n","protected":false},"excerpt":{"rendered":"

Adnoc\u2019s renewable energy subsidiary has reportedly been in talks to acquire 40% in Naturgy<\/p>\n","protected":false},"author":1,"featured_media":90998,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,60,1159,211,152],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-ma-watch","tag-naturgy","tag-renewables","tag-taqa","wpautop","entry"],"acf":{"mongo_id":"371707d9-2b0b-4348-beb9-230555a426d7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1074.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Taqa in talks for potential takeover of Naturgy","related_issue":[90984],"teaser":"Adnoc\u2019s renewable energy subsidiary has reportedly been in talks to acquire 40% in Naturgy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.e29f88ee-bd1c-4aac-8c89-e70a6b718606.mp3"},"yoast_head":"\nTaqa in talks for potential takeover of Naturgy - 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