Gas Natural to Change Name to Naturgy Energy Group
27 June 2018 - 10:14PM
Dow Jones News
By Carlos Lopez Perea and Alberto Delclaux
Gas Natural SDG SA (GAS.MC) presented Wednesday an outline of
its 2018-22 strategy, including a plan to change the company's name
to Naturgy Energy Group SA.
Under the strategic plan, the Spanish energy company will focus
on efficiency, simplifying management structures and generating
cash in an attempt to improve performance, following 2017 results
that underwhelmed analysts.
Chief Executive Francisco Reynes, who arrived at Gas Natural in
February from Abertis Infraestructuras SA (ABE.MC), said the
company doesn't rule out growing through acquisitions, but that it
will be giving more importance to value than size. He added that
Gas Natural isn't currently taking part in any transaction.
The strategic plan will be presented in full on Thursday in
London.
Write to Carlos Lopez Perea at carlos.perea@dowjones.com and
Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
June 27, 2018 07:59 ET (11:59 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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