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BlackRock's GIP III Canary 1 Trims Stake in Naturgy Energy

MT Newswires·12/11/2025 05:21:55
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05:21 AM EST, 12/11/2025 (MT Newswires) -- BlackRock's GIP III Canary 1 reduced its stake in Naturgy Energy Group (NTGY.MC) to 11.42% after an accelerated bookbuilt offering. The US investment firm sold 68,825,911 shares, or a 7.1% interest, for 24.75 euros apiece, according to a Thursday filing. As such, GIP III Canary 1 will own 110,753,554 shares in the Spanish utility, which will be subject to a lock-up period of 90 days. J.P. Morgan was the sole global coordinator.