The Diplomat
The Australian fund IFM has accepted the conditions imposed by the Government to authorise its partial takeover bid for 22.69% of Naturgy’s share capital, with which it aspires to acquire at least 17% of the energy company.
In a note sent yesterday to the Comisión Nacional del Mercado de Valores (CNMV), IFM has welcomed with “satisfaction” the approval by the Executive of the offer and stressed that the conditions of the authorisation are “the result of a very constructive institutional dialogue”.
It also notes that these conditions are aligned with its plans for investment in Naturgy, including support for developing an industrial plan for the company that “helps to make Naturgy a major player in the energy transition”.
