Spanish energy company Naturgy temporarily halts sale of Australian renewable assets from GPG due to valuation concerns.
Spanish energy company Naturgy has temporarily halted the sale of Australian assets from its renewable energy unit, Global Power Generation (GPG), due to valuation concerns. With a target of raising $2.6 billion, bids were received from infrastructure-focused investment funds and renewable energy companies, though their interest did not meet the company's expectations. A future revival of the sale process is possible.
April 06, 2024
3 Articles