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CVC exits Naturgy with €4bn stake sale

privateequitywire

1 month ago

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CVC Capital Partners has exited its position in Naturgy, selling its entire 13.8% stake in the Spanish energy group in a transaction valued at around €4bn, according to a report by Reuters.
The sale was executed through an accelerated bookbuild led by Goldman Sachs, acting on behalf of CVC’s investment vehicle Rioja Acquisition. The deal included the placement of 107.5 million Naturgy shares, representing 11.08% of the company, at €28.55 per share a 4.64% discount and implying proceeds of approx...

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