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TAQA and Criteria end Naturgy takeover talks

RICHARD HEAP

June 11, 2024

Abu Dhabi investor TAQA and Spanish group Criteria have dropped plans for a joint takeover of €24bn Spanish utility Naturgy.

TAQA said last month that it was in talks with Criteria, which currently owns a 26.7% stake in Naturgy, and other shareholders CVC and Global Infrastructure Partners about a full takeover of the company. However, TAQA has now reportedly ended the talks.

Criteria confirmed the negotiations have been terminated and said it was “exploring new options” for Naturgy’s future.

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