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Inclusion of regulated and unregulated activities in company object

IFM's $8b Spanish Naturgy bid hits hurdles


IFM’s $8b Spanish Naturgy bid hits hurdles
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IFM’s $8 billion cash bid for a 23 per cent stake in gas and electricity company Naturgy has hit hurdles as the Spanish group’s top shareholder, Criteria Caixa, buys more shares rather than selling them.
The Australian investment group’s global infrastructure fund offered to buy up to 220 million shares in Madrid-based Naturgy in January at €23 per share (including a 63¢ dividend) to secure a stake in a multinational company with an expanding renewable-energy portfolio.
IFM wants to take a stake of up to 23 per cent in Spanish energy group Naturgy, which operates gas and electricity networks as well as wind and solar farms.  ....

Francisco Reyn , Cinco Dias , Spanish Council Of Ministers , Hamel Renewables , Spain National Securities Market Commission , Spanish Council , National Securities Market , பிரான்சிஸ்கோ றேய்ந் , சிங்கோ டயஸ் , ஸ்பானிஷ் சபை ஆஃப் அமைச்சர்கள் , ஹ்யாமல் புதுப்பிக்கத்தக்கவை , ஸ்பெயின் தேசிய பத்திரங்கள் சந்தை தரகு , ஸ்பானிஷ் சபை , தேசிய பத்திரங்கள் சந்தை ,