Published by Global Banking & Finance Review®
Posted on March 2, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleBlackRock has hired J.P. Morgan and Goldman Sachs to conduct an accelerated bookbuild offering to sell an 11.4% stake in Spain’s Naturgy, reducing its holding while boosting free float and liquidity.
By Pietro Lombardi
MADRID, March 3 (Reuters) - BlackRock sold its remaining 11.4% stake in Spanish energy firm Naturgy for 2.79 billion euros ($3.25 billion), a market filing showed on Tuesday.
The investment company disposed of 110,753,554 shares at 25.20 euros apiece, compared with Naturgy's closing price of 26.76 euros on Monday.
BlackRock had appointed J.P. Morgan and Goldman Sachs to manage the sale through an accelerated bookbuild.
In December, the firm had sold roughly 7% stake in Naturgy for $2 billion.
BlackRock became a shareholder in the utility following its 2024 acquisition of Global Infrastructure Partners, which previously held a stake in Naturgy.
($1 = 0.8572 euros)
(Reporting by Pietro Lombardi; Editing by Sumana Nandy, Tomasz Janowski and Paul Simao)
Blackrock appointed J.P. Morgan and Goldman Sachs to handle the sale of its 11.4% stake in Naturgy.
Blackrock is selling an 11.4% stake in Spain's Naturgy.
The sale is taking place through an accelerated bookbuilt offering.
The Naturgy stake sale is taking place in Spain.
The sale was reported in a market filing and covered by Reuters.
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