Shareholder tensions at Naturgy Energy Group SA are poised to resume after two key investors abruptly ceased talks to take over the Spanish utility.
Abu Dhabi National Energy Co. and Criteria Caixa SA ended discussions “without any agreement,” Criteria said in a regulatory filing Monday. Details on the collapse of the negotiations weren’t immediately clear.
Naturgy shares declined as much as 13% on Tuesday.
The end of discussions underscores tensions between Naturgy’s four largest shareholders, who for years have battled to squeeze more value from the natural gas and renewable energy company. Investors are also increasingly focused on the ...
