Ready to buy a 41% stake from CVC, GIP (Il Sole 24 Ore Radiocor) - Madrid, 17 Apr - The Abu Dhabi-based energy group Taqa said that it is talks to buy a 41% stake in the Spanish gas utility Naturgy from the investment funds CVC and GIP.

If successful, Taqa will then launch a bid for all of Naturgy's capital.

Taqa added that it is also in talks with Criteria Caixa regarding a possible shareholder pact regarding Naturgy.

Criteria Caixa, which is the investment arm of the Spanish bank Caixa, is Naturgy's main shareholder with a 26.7% stake.

Taqa noted that it has not yet reached any agreement with Criteria Caixa, CVC or GIP.

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(RADIOCOR) 17-04-24 13:01:35 (0359) 5 NNNN