The president of Naturgy, Francisco Reynés, has presented to the shareholders of the energy group the commitments communicated by the Australian pension fund IFM in the takeover bid that it has launched to control 22.7% of the company. These are: vocation of long-term permanence, presence on the board of directors, support for the energy transition, sustainable dividend policy, not excluding the company from the Stock Market and maintaining its headquarters in Spain.
Reynés has in any case avoided assessing whether the operation is positive or negative and has remarked that the board of directors will rule on the operation “in due course.” That is, when both the Government and the CNMV authorize the offer, where appropriate. This process could take another 9 months if the Executive squeezes the deadlines set in the regulations to make its decision.
These commitments have been verbally transferred to the Naturgy leadership, although Reynà © s does not doubt his word. “It is a reputable and serious fund to doubt its veracity,” he stated at a press conference held at the end of the Board.
The Chairman of Naturgy has also insisted that the company is not standing still waiting for the operation to be resolved and has highlighted the three main pillars of its management: generating value for shareholders, asset turnover in search of the maximum profitability and promotion of investments linked to the energy transition.
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