Naturgy Energy Group, S.A. (ES:NTGY) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
BlackRock, Inc. has acquired a significant stake in Naturgy Energy Group, S.A., owning over 20% of its share capital through the acquisition of Global Infrastructure Management, LLC. The acquisition, approved by the Council of Ministers, includes commitments to support Naturgy’s energy transition projects and maintain its operations in Spain without proposing divestments that could disrupt its core activities. Additionally, BlackRock has pledged not to delist Naturgy’s shares from Spanish stock exchanges for three years.
For further insights into ES:NTGY stock, check out TipRanks’ Stock Analysis page.