On August 4, 2025, Naturgy Energy Group announced plans to sell a 5.5% stake to improve market liquidity and re-enter major stock indices.
Objectives of the Stake Sale
The stake sale is a crucial step in Naturgy's strategic goals, aimed at increasing liquidity and restoring positions in key stock indices. The company seeks to enhance its appeal to institutional investors, as outlined in its strategic plan for 2025-2027.
Process and Mechanisms of the Sale
The sale involves 19.3 million shares and will be conducted via accelerated bookbuilding and bilateral sales to institutional investors. CEO Francisco Reynés stated, 'The results of the previous bid show that the company is attractive to institutional investment funds.'
Financial Implications of the Sale
The transaction could enhance Naturgy's liquidity and attract more institutional capital. Increasing the free float is expected to help the company re-enter indices like MSCI, with plans to raise free float to 15%.
Naturgy's strategic maneuvers, including previous shareholder actions, emphasize its commitment to optimizing liquidity and meeting stock index requirements.
