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.