Uría Menéndez advises on €2.79B Naturgy share sale

Uría Menéndez has advised GIP III Canary 1 on the accelerated bookbuilt offering of 11.4% of the company’s share capital in the Naturgy Energy Group. The shares were placed at €25.20 per share, valuing the transaction at €2.79 billion. GIP III Canary 1 is a vehicle controlled by funds managed or advised by affiliates of Global Infrastructure Management, a subsidiary of BlackRock.

The Uría Menéndez team was led by partner Javier Redonet Sánchez del Campo (pictured), with managing associates Alfonso Bernar Fernández-Roca and José Ignacio Baus Garcés, all from the capital markets practice in Madrid.