BME:NTGYGas Utilities
GIP Exit From Naturgy Shifts Ownership And Raises Governance Questions
Global Infrastructure Partners, now part of BlackRock, is selling its remaining stake in Naturgy Energy Group through an accelerated bookbuilt offering.
The sale fully exits GIP from Naturgy Energy Group and will be closely watched for its impact on the company’s shareholder base.
Naturgy Energy Group shares last closed at €24.88 under the ticker BME:NTGY.
For you as an investor, the key point is that a long standing institutional shareholder is stepping away from BME:NTGY. This can reshape...