Naturgy has successfully completed the takeover bid for its own shares launched last May. The acceptance period for the takeover bid ended on Friday 13 June and the result was very favourable in terms of achieving the company's free float and liquidity targets on the stock exchange. Once the offer is completed, the company will apply all the temporal and operational flexibility it deems necessary to bring the shares back to the market and once again increase the free float.
The issue, for a total amount of 265 million Brazilian Reais, will be used to repay expenses, costs and debts incurred for the construction of the Sertão I Solar and Sobral I Solar plants, which have a joint power generation capacity of 68 MW. These are two of the first issues with these features carried out in Brazil for the financing photovoltaic plants, although it is a common way of financing wind-power and transmission projects.
The Chairman & CEO of Naturgy, Francisco Reynés, took part earlier today in the XVII Executives Conference organised by the CEDE Foundation (Spanish Confederation of Directors and Executives) in Palma de Mallorca.
The Association of Energy Engineers (AEE) has recognised the DirectLinkLNG project developed by Naturgy as the “2018 Innovative energy project of the year”, an award that recognises the most innovative project in the global energy sector and which was awarded to a company from outside the USA for the first time.
The New Business Manager of Naturgy, Joaquín Mendiluce, was appointed as Chairman of the Iberian Association for Gas-powered Mobility (GASNAM) earlier today. The Board of Directors of the organisation ratified his appointment as chairman today, in representation of Naturgy and replacing José Ramón Freire, who had held the post since the association was set up in 2013.
Earlier today, the Naturgy Foundation set up the Energy Rehabilitation Solidarity Fund aimed at financing improvements in the homes of groups at risk of vulnerability, initially in the regions of Galicia, Catalonia and Madrid.
NEDGIA, the natural gas distribution company of the Naturgy group, has appointed Andrés Montero as the new General Manager of NEDGIA Galicia, its subsidiary in this region of Spain. Andrés Montero replaces Raquel Vallejo in the position, who will now go on to run the Operations Department of NEDGIA in the central and southern zones.
This morning, the components of the first wind turbines for the Merengue Wind Farm started to arrive at the site where the wind farm will be constructed.
Today, the Naturgy Foundation, Cáritas Diocesana de Santiago – Interparroquial A Coruña, the National Association of Renovation and Rehabilitation Companies (ANERR) and the Ecology and Development Foundation (ECODES).
Naturgy has started construction work on Picón I and Picón II, two new photovoltaic solar energy plants in the Ciudad Real province, more specifically in Porzuna, out of the three planned in the company’s project for this town. These facilities both have a peak capacity of 50 MWp and consist of 151,452 modules.
The Director of Mobility Projects at Naturgy, Alfonso del Río, and the Brand Country Manager at Fiat Professional, Raffele Brustia, signed a strategic agreement between the two companies earlier today aimed at promoting joint innovation projects and spreading the use of natural gas in the Spanish mobility sector.
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If you are a journalist and need information about Naturgy operations, you can get in touch with us via prensa@naturgy.com.
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