BlackRock to sell 7% stake in Naturgy in accelerated sale

Core Viewpoint - BlackRock intends to sell approximately 69 million shares in Spanish gas utility Naturgy, representing 7.1% of the company, through an accelerated bookbuild placement managed by JP Morgan [1] Company Summary - The share sale by BlackRock will involve around 69 million shares of Naturgy [1] - This transaction accounts for 7.1% of Naturgy's total shares outstanding [1] Industry Summary - The sale is being facilitated by JP Morgan, indicating active involvement of major financial institutions in the energy sector [1]