April 29, 2024 07:03 GMT
Naturgy (Baa2/BBB: Taqa Financing Reports
UTILITIES
• Spanish media reports a loan of up to €12bn is being lined up by Taqa and Criteria to fund the proposed takeover of Naturgy.
• The process continues with no reports of other bidders emerging.
• We see the takeover as credit neutral short term, positive longer term.
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