Naturgy’s best investors participate in IFM’s “fair” public tender offer of 4.9 billion euros

By Benjamin Horney (Sept. 17, 2021, 6:38 p.m. EDT) – Naturgy said on Friday that although IFM Investors’ bid ($ 5.8 billion) for a significant stake in the energy and services company’s stake Madrid-based public either “fair” from a value perspective, two of its major shareholders will not contribute their shares.

IFM Investors, an Australian energy investment firm, for the first time launched its voluntary takeover bid for up to 22.69% stake in Naturgy Energy Group SA in January. Under the proposal, IFM would pay € 23 in cash per Naturgy share, or € 4.9 billion in total if the 220 million shares were contributed.

On Friday, Naturgy released a statement saying …

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