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Naturgy to Sell 3.5% of Share Capital for $1 Billion in Discounted Placing

Provided by Dow Jones Oct 7, 2025, 6:59:00 AM

By Najat Kantouar

Naturgy said it would sell around 3.5% of its share capital for around $1 billion to qualified investors in a placing.

The Spanish natural-gas utility said Tuesday it would sell 34.1 million shares at 25.90 euros ($30.34) each, amounting to around 883.2 million euros ($1.03 billion). The placement price represents a 3.9% discount to Monday's closing price of 26.94 euros.

Upon the completion of the process on or around Thursday, Naturgy expects to be left holding around 9.1 million treasury shares, or 0.94% of shares compared with 4.5% beforehand.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

October 07, 2025 02:59 ET (06:59 GMT)

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