Abu Dhabi National Energy Company – “TAQA” – announced that it has entered into talks with two major shareholders of the Spanish energy and gas company “Naturgy”, Global Infrastructure Partners and CVC Capital Partners. With the aim of acquiring their shares in the company.

Sources indicate that TAQA is also in talks with Criteria Caisha, the largest shareholder in Naturegy, about a potential “cooperation agreement.”

The move seeks to end long-standing disputes between Naturegy's four largest shareholders, who together control about 83% of the company.

This deal comes with the aim of ending disputes between shareholders, and enhancing capabilities through the acquisition of “Naturgy”. TAQA will be able to enhance its capabilities in the fields of gas and electricity, and expand in Europe. Naturgy is one of the largest energy companies in Spain, and Naturgy also has a strong renewable energy business.

TAQA needs to obtain the approval of other shareholders in Naturegy, and it may face some challenges in obtaining the necessary regulatory approvals for the deal. It will also need huge financing to complete the acquisition.

This deal will result in major changes in Naturgy's strategy and organizational structure. This deal may have a significant impact on the energy sector in Spain and Europe, and it will become one of the largest energy companies in the world.