Naturgy : Sale of electricity transmission and distribution activities in Chile
>Neutral recommendation and target price lifted to € 21.0 vs € 17.2 - The group announced Friday midday the sale of its electricity transmission and distribution activities in Chile to the Chinese group China State Grid. This divestment operation is the first in the strategic cycle of resource reallocation. It reflects a high valuation level and at a premium to the value integrated in our sum of the parts. We have integrated its impact from 2021 onwards into our model...Gas Natural SDG is a gas company based in Spain. Co. and its subsidiaries are primarily engaged in the supply, transportation, distribution and commercialization of piped natural gas, as well as the activities involving exploration and developing, supply, regasification, liquefaction and storage of natural gas, and the generation and commercialization of electricity. Co. operates mainly in Spain and also outside of Spain, especially in Latin America, Puerto Rico, Italy, France and Africa (through Maghreb-Europe gas pipeline and integrated LNG projects in Algeria).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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