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Naturgy’s Titles Collide With 23 Euros

Naturgy’s shares already clearly exceed the price of IFM’s partial takeover bid. And it is that in the last session of the stock market they experienced their best day since January when they shot up 4% intraday, even hitting 23 euros.

Shortly before the final result of the Australian fund’s offer was known, the firm led by Francisco Reynés ended on Wednesday at 22.95 euros per share , compared to the 22.07 euros offered by IFM until last Friday, when the period of acceptance of the takeover bid.

Despite the fact that at the start of the week 0.92% was left and some analysts warned of a strong correction once the support provided by the offer on the share price ended amid a context of volatility for the In the electricity sector, Naturgy registers its second consecutive day of significant increases , after boosting 1.94% in Tuesday’s session.

The final balance of the takeover bid, which will be published by the National Securities Market Commission (CNMV), will not be known until Thursday at the earliest . Until tomorrow at 10 in the morning, the members of the market have margin to communicate the orders of sale in the takeover by their clients. For the moment, forecasts consider that it is unlikely that the Australian fund will achieve the minimum target of 17%, which had been conditioned by the success of the operation.

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