The CNMV suspends Naturgy from buying and selling pending explanations in regards to the attainable takeover bid by an Emirati investor | EUROtoday

The National Securities Market Commission (CNMV) has suspended Naturgy from buying and selling, precautionarily and with fast impact, early this Wednesday morning, ready for the gasoline firm to supply extra explanations in regards to the attainable entry into its capital. of the emirat electrical firm TAQA (previously Abu Dhabi National Energy Company).

The suspension, the inventory market supervisor has warned, will stay “while relevant information” in regards to the firm is disseminated. It has been a number of days since takeover drums started to sound over the gasoline firm that presides Francisco Reyns. This Wednesday, the vitality firm began the buying and selling day with an increase of 0.28 euros per share, a rise of 1.3% that has left its shares at 21.8 euros. Yesterday, when Naturgy shares recorded peaks of 8%, it closed the day with an increase of three.36%, at 21.52 euros.

It was on Tuesday when Criteria, the funding arm of La Caixa, proprietor of 27% of Naturgy, confirmed that it was in negotiations with an investor, though it insisted that these had been “preliminary” contacts. That investor is TAQA, the Abu Dhabi electrical energy large that’s managed by the Emirate authorities.