Finance
Naturgy to sell 5.5% of shares as part of plan to return to main indexes
Published by Global Banking & Finance Review®
Posted on August 4, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 4, 2025
1 min readLast updated: January 22, 2026
Naturgy will sell 5.5% of its shares to increase free float to 15%, aiming to rejoin main stock indexes.
MADRID (Reuters) -Spanish power utility Naturgy said on Monday it would sell about 5.5% of its shares through an accelerated bookbuild and a bilateral sale as part of its plan to increase its free float and return to the main stock market indexes.
The accelerated bookbuild, which began on Monday, aims to sell 2% of the company's shares, while the bilateral sale to an unnamed international financial institution would account for 3.5% of the company's capital, Naturgy said in a statement.
The operations would increase Naturgy's free float - or shares available to the public for trading - to 15%, which the company has previously said should be enough to achieve its goal of returning to the main indexes.
Naturgy in February said it would buy back almost 2.5 billion euros of its own shares to then resell them in the market after receiving the backing of its four main shareholders.
(Reporting by Charlie Devereux. Editing by Jane Merriman)
Naturgy plans to sell about 5.5% of its shares through an accelerated bookbuild and a bilateral sale.
The operations will increase Naturgy's free float to 15%, which is expected to help the company return to main indexes.
The accelerated bookbuild aims to sell 2% of the company's shares as part of the overall share sale strategy.
The bilateral sale, which accounts for 3.5% of the company's shares, is to an unnamed international financial institution.
In February, Naturgy announced a buyback of almost 2.5 billion euros of its own shares to resell them in the market.
Explore more articles in the Finance category
