Gas Natural Fenosa positively assesses CVC’s and Corporación Financiera Alba’s entries as shareholders - Naturgy - Press room

Gas Natural Fenosa positively assesses CVC’s and Corporación Financiera Alba’s entries as shareholders


  • The energy company highlights the significant support and collaboration it has maintained with Repsol, which has been one of its main shareholders since 1989.

  • GAS NATURAL FENOSA has assessed the future incorporation of CVC and Corporación Financiera Alba as stakeholders very positively, reflecting the recognition of the company’s capacity to create value.

  • Repsol notified the energy company of the withdrawal of board members Josu Jon Imaz and Miguel Martínez, which has become effective today.

As regards the sale of its shares, as announced this morning by Repsol, GAS NATURAL FENOSA wishes to highlight the excellent collaboration and support maintained with Repsol, which has been one of the company's main shareholders since 1989, as well as with all the members of the Board of Directors, appointed by Repsol, and particularly with its President Antonio Brufau, who was also President of GAS NATURAL FENOSA from 1997 to 2004.

In the same way, GAS NATURAL FENOSA has assessed the future incorporation of CVC and Corporación Financiera Alba as stakeholders very positively, reflecting the recognition of the company’s capacity to create value.

The company is certain that GAS NATURAL FENOSA’s new shareholder structure will strengthen the strategic lines to be developed in the coming years, to position it as one of the key global players in the energy sector.

Repsol Board Members

The energy company received a letter today announcing the withdrawal of board members Josu Jon Imaz San Miguel and Miguel Martínez San Martín, which has become effective today.

Additionally, it received a communication from Repsol SA conveying its interest in proposing the appointment of Iñigo Alonso de Noriega Satrústegui and Guillermo Llopis García, Repsol Directors representing controlling shareholders, to fill the posts freed up. The decisions regarding this appointment will be included in the order of the day of the next ordinary session held by the company’s Board of Directors.

Scope and subject: Corporate, Others

 
Madrid, 22 February 2018

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