Taqa considering new approach for Spain's Naturgy - report
By Michele Maatouk
Date: Friday 07 Feb 2025
(Sharecast News) - Abu Dhabi National Energy Co. is reportedly considering reviving a plan to buy a stake in €23bn Spanish utility Naturgy Energy Group.
Bloomberg cited people familiar with the matter as saying that Taqa, as the state-controlled energy company is known, is working to decide whether or not to make a new bid for part of Naturgy.
A source told Bloomberg it's already been in touch with the Spanish government, which has indicated support for a deal.
It was understood that deliberations are ongoing and there's no certainty that Taqa will proceed with a transaction.
At 0930 GMT, Naturgy shares were up 3.4% at €24.72.
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