Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Spain
  4. Bolsas y Mercados Espanoles
  5. Naturgy Energy Group, S.A.
  6. News
  7. Summary
    NTGY   ES0116870314

NATURGY ENERGY GROUP, S.A.

(NTGY)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Naturgy to Sell Equity Shareholding in Chile Subsidiary for EUR2.57 Billion

11/13/2020 | 06:24am EDT

By Cecilia Butini

Naturgy Energy Group SA said Friday that it has entered into an agreement to sell its 96.04% equity shareholding in its Chilean subsidiary Compania General de Electricidad SA for a total purchase price of 2.57 billion euros ($3.03 billion).

The company said the beneficiary of the sale is Chinese company State Grid International Development Ltd., and that the purchase price is fully payable in cash upon completion of the transaction.

The enterprise value of the transaction for 100% of Compania General de Electricidad is EUR4.31 billion, Naturgy said, adding that its pretax capital gains are expected to be approximately EUR400 million.

Completion of the transaction is expected prior to the end of February 2021, according to the Spanish company.

Naturgy added that the transaction initiates a transformation process within the company, and that it will hold a Capital Markets Day in February 2021 when it releases annual results.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

11-13-20 0623ET

Stocks mentioned in the article
ChangeLast1st jan.
COMPAÑÍA GENERAL DE ELECTRICIDAD S.A. 0.00% 810 End-of-day quote.-11.49%
NATURGY ENERGY GROUP, S.A. -0.40% 22.28 Delayed Quote.17.51%
All news about NATURGY ENERGY GROUP, S.A.
10/14Naturgy Shares Hit the Gas as Fund's Offer Only Partly Accepted
DJ
10/14IFM Global Infrastructure Fund Buys $2.7 Billion Stake in Naturgy
DJ
10/14IFM Global Infrastructure Fund managed by IFM Investors Pty Ltd completed the acquisiti..
CI
10/07Spain Starts Talks With Energy Companies Over Price Surges
MT
10/04NATURGY ENERGY S A : main shareholder defends dividend policy as IFM bid deadline looms
RE
10/04Westinghouse Electric Company LLC signed a definitive agreement to acquire a 50% stake ..
CI
09/29IFM to push on with Naturgy bid despite Spanish regulatory shake-up
RE
09/24EUROPEAN MIDDAY BRIEFING : Stocks Fall as -2-
DJ
09/24NATURGY ENERGY S A : Shareholder Criteria Caixa Rejects IFM's $5.8 Billion Minority Stake ..
MT
09/24Criteria Caixa Opposes IFM Investor’s Naturgy Energy Offer
CI
More news
Analyst Recommendations on NATURGY ENERGY GROUP, S.A.
More recommendations
Financials
Sales 2021 16 710 M 19 425 M 19 425 M
Net income 2021 1 273 M 1 479 M 1 479 M
Net Debt 2021 11 798 M 13 715 M 13 715 M
P/E ratio 2021 17,1x
Yield 2021 5,39%
Capitalization 21 410 M 24 930 M 24 888 M
EV / Sales 2021 1,99x
EV / Sales 2022 1,87x
Nbr of Employees 8 552
Free-Float 36,7%
Chart NATURGY ENERGY GROUP, S.A.
Duration : Period :
Naturgy Energy Group, S.A. Technical Analysis Chart | NTGY | ES0116870314 | MarketScreener
Technical analysis trends NATURGY ENERGY GROUP, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 17
Last Close Price 22,28 €
Average target price 21,77 €
Spread / Average Target -2,30%
EPS Revisions
Managers and Directors
Francisco Miguel Reynés Massanet Chairman & Chief Executive Officer
Carlos Ayuso Salinas Director-Internal Audit, Compliance & Control
Ramón Adell Ramón Independent Director
Francisco Belil Creixell Independent Director
Helena Herrero Starkie Independent Director
Sector and Competitors
1st jan.Capi. (M$)
NATURGY ENERGY GROUP, S.A.17.51%25 030
CHINA GAS HOLDINGS LIMITED-32.47%14 832
ATMOS ENERGY CORPORATION-2.67%12 362
GAIL INDIA LIMITED23.00%8 994
PETRONAS GAS BERHAD-1.16%8 089
APA GROUP-13.06%7 437