Morningstar

Naturgy Shareholder Rioja to Sell Stake

Provided by Dow Jones May 26, 2026, 4:44:00 PM

By Mauro Orru

Naturgy Energy Group's shareholder Rioja is selling its entire stake in the Spanish energy company.

Rioja commanded a 13.8% stake in Naturgy as of March, according to Naturgy's website. Goldman Sachs is now conducting a private placement of shares via an accelerated bookbuild offering on behalf of Rioja representing roughly 11.08% of Naturgy's share capital.

While the bank is set to announce the final terms of the placement upon completion of the placement, including the sale price, the disposal values an 11.08% stake at nearly 3.22 billion euros ($3.75 billion) based on Naturgy's share price on Tuesday.

Meanwhile, Rioja agreed to settle certain pre-existing derivative transactions to dispose of another 2.72% stake in Naturgy.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

May 26, 2026 12:44 ET (16:44 GMT)

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