BlackRock sells 7% stake in Naturgy for €1.7bn
BlackRock sold 7.1% of Spanish company Naturgy for €1.7bn ($1.99bn) through an accelerated bookbuild managed by JPMorgan, reducing its stake to 11.42%.
| Sector | Gaz, Gaz naturel |
|---|---|
| Theme | Investissements & Transactions, Investissement entreprise |
BlackRock completed the sale of 68,825,911 shares in Spanish energy company Naturgy for a total of approximately €1.7bn ($1.99bn), according to a statement released after the transaction. The placement, conducted through an accelerated bookbuild process by JPMorgan, was executed at a price of €24.75 per share, representing a 5.4% discount compared to the previous day’s closing price of €26.16.
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