Spain’s Naturgy Energy Group SA is offering a 3.5% stake in an effort to increase the stock available for trading in the market.
The company is offering up to 34.1 million treasury shares in a placement with investors, according to a regulatory statement. The price range for the offering is €25.90 ($30.32) to €26.40 apiece, according to terms seen by Bloomberg News. At the top end of the range, the share sale could raise about €900 million.