financetom
Business
financetom
/
Business
/
BlackRock sells remaining stake in Spanish energy firm Naturgy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BlackRock sells remaining stake in Spanish energy firm Naturgy
Mar 11, 2026 6:07 AM

MADRID, March 3 (Reuters) - BlackRock ( BLK ) sold its remaining 11.4% stake in Spanish energy firm Naturgy for 2.79 billion euros ($3.25 billion), a market filing showed on Tuesday.

The investment company disposed of 110,753,554 shares at 25.20 euros apiece, compared with Naturgy's closing price of 26.76 euros on Monday.

BlackRock ( BLK ) had appointed J.P. Morgan and Goldman Sachs to manage the sale through an accelerated bookbuild.

In December, the firm had sold roughly 7% stake in Naturgy for $2 billion. BlackRock ( BLK ) became a shareholder in the utility following its 2024 acquisition of Global Infrastructure Partners, which previously held a stake in Naturgy.

($1 = 0.8572 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved