Spanish Gov approves IFM's acquisition of 22.7% stake in Naturgy
IFM Investors, the Australian pension fund owned manager, has received the Spanish Government's approval of the voluntary partial tender offer for up to 220 million shares or 22.689% of Naturgy's share capital. The voluntary partial tender offer is being made by an investment vehicle of the IFM Global Infrastructure Fund (IFM GIF) and will be paid entirely in cash.
The next step in the process is the authorisation of the offer and the prospectus by the CNMV. IFM looks forward to continuing its engagement with CNMV and supporting that process.
Country updates
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August 10, 2021
ORIX completes acquisition of 80% stake in Elawan Energy
ORIX Corporation has completed its acquisition of majority stakes in Elawan Energy S.L. (Elawan), after its European subsidiary, ORIX Corporation Europe N.V., secured regulatory approvals to acquire 8...
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August 09, 2021
Greenalia secures planning permit for 46.2 MW Bustelo wind project
Greenalia has been granted the development planning permit for the development of a 46.2 MW wind farm project located in Galicia, northwest Spain. The Bustelo wind farm project consists of...
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August 09, 2021
Sonnedix starts construction of 50 MW solar project in Badajoz
Sonnedix has started the construction of a 50 MW solar photovoltaic plant, Sonnedix Los Frailes, located in Badajoz, southwest of Spain. Sonnedix Los Frailes will be built on 111-hectare land, becomi...
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August 03, 2021
Endesa closes acquisition of 900 MW Spanish solar projects
Endesa has acquired a photovoltaic portfolio of 900 MW from the Spanish developer Prodiel. The portfolio includes eight projects in late stages of development, with sites located in various municipali...
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August 03, 2021
Bruc Energy, Alter Enersun start operation of 50 MW Huelva 2021 solar PV project
Bruc Energy, an investment vehicle of Spanish fund manager Bruc Management, and solar photovoltaic specialist Alter Enersun have commissioned the 50 MW solar photovoltaic project in Spain under joint-...
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