US EditionTaqa and Criteria break negotiations over Naturgy due to price differences
8 Articles
8 Articles
La Caixa will explore new options to secure the industrial project and restructure the shareholding structure of the energy sector.
The delay in announcing the takeover bid for 100% of Naturgy by Taqa, in alliance with the main shareholder of the Spanish energy company, CriteriaCaixa, has been substantiated by a resounding failure. According to a relevant fact published this Monday by the National Securities Market Commission (CNMV), Criteria reports that negotiations with Taqa “are terminated without any agreement being reached” on the transaction that was announced on Apri…
Emirati Taqa breaks with Criteria, the foundation's investment arm, to launch the bid for 100% Naturgy. According to information leaked by 'El Mundo' and confirmed by ABC from sources close to the operation, Taqa has called off the possible offer despite negotiations being very advanced. Almost two months ago, on April 17, the public energy company of Abu Dhabi confirmed its talks with Criteria for potential cooperation in Naturgy, with the goal…
El consejo de la eléctrica emiratí Taqa se ha descolgado por sorpresa de las negociaciones para lanzar una OPA sobre Naturgy. La operación, que se realizaba de manera conjunta...
The proposal had been stuck for several weeks.
The investment arm of La Caixa will continue to explore new options “to secure the industrial project” of the energy sector.
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