CVC Capital Partners Exits Naturgy Stake via Secondary Share Placement

CVC Capital Partners, through its investment vehicle Rioja Acquisition S.à r.l., is exiting its Naturgy Energy Group position via an accelerated bookbuilt offering of Naturgy shares. Rioja will sell 107.47 million shares (about 11.08%) through a placement to institutional investors and dispose of an additional 26.38 million shares (about 2.72%) following settlements of pre-existing derivatives, taking its total sale to 133.85 million shares (ending its ~13.8% stake).