MADRID, March 2 (Reuters) – BlackRock has appointed J.P. Morgan and Goldman Sachs to sell its remaining 11.4% stake in Spanish energy firm Naturgy through an accelerated bookbuild offering, a market filing showed on Monday. BlackRock in December sold a roughly 7% stake in Naturgy for $2 billion. The investment company became a shareholder in […]
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BlackRock to sell its 11.4% stake in Spanish energy firm Naturgy
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MADRID, March 2 (Reuters) – BlackRock has appointed J.P. Morgan and Goldman Sachs to sell its remaining 11.4% stake in Spanish energy firm Naturgy through an accelerated bookbuild offering, a market filing showed on Monday.
BlackRock in December sold a roughly 7% stake in Naturgy for $2 billion. The investment company became a shareholder in Naturgy through its 2024 acquisition of Global Infrastructure Partners, which had previously invested in the utility.
(Reporting by Pietro Lombardi; Editing by Tomasz Janowski and Paul Simao)