Yolanda Diaz asks to ‘save’ Naturgy in the face of a friendly takeover plotted by Taka: ‘I say this without embarrassment’
Second Vice President and Secretary of LaborYolanda Diaz, asked to save Naturgy as “the next milestone in protecting what is strategic and shared” and pointed to the need to have in these companies “a stable core of shareholders committed to the country.” During his speech at the Wake Up, Spain! who organizes SpanishDíaz insisted that these companies are “an element of the country’s central power” and stressed that the government “cannot and should not avoid” the issue.
“The best insurance against this uncertainty is public participation“This is sometimes very important in strategic companies, as happened with Telefonica,” he added. The second option, in his opinion, “is to create stable cells of shareholders committed to the country, which is fundamental for the good development of companies.” “.
The state, he stressed, “must be the guarantor of the supply of essential goods and services,” such as food, pharmaceuticals, medical supplies, telecommunications, transport or energy. “Conservation is the next milestone in protecting what is strategic and common,” he concluded. Emirati Taka recently confirmed that it is in negotiations with the CVC and GIP funds, which together account for almost 40% of Naturgy. for possible entry into the block of shares.
Stock market movement after the announcement
The energy group Naturgy continues its positive dynamics on the stock market, but after jumped more than 6% on Wednesday, and will open on Thursday from strong increase of more than 4% At the end of the session, its growth remained at 0.26%. Despite the repricings recorded in recent sessions, Naturgy has accumulated losses of 13.51% for the year.
Naturgy recorded a sharp 6.13% rise on the Spanish stock market after Emirati company Taqa confirmed it was in talks with CVC and GIP – funds that account for about 40% of Naturgy’s capital – about a possible acquisition of its Actions.