Reported 11 months ago
Naturgy Energy Group SA experienced a significant drop in its shares after Abu Dhabi National Energy Co. and Criteria Caixa SA abruptly ended negotiations to acquire the Spanish utility, leading to renewed tensions among Naturgy's shareholders. The talks collapsed due to additional demands from Taqa on corporate governance and shareholder control, which Criteria refused as they deviated from the initial agreement. This situation highlights ongoing conflicts among Naturgy's major shareholders and the increasing investor focus on the energy sector's transition away from fossil fuels.
Source: YAHOO