Energy
UAE’s Taqa Has Approached Criteria on Naturgy Deal
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The United Arab Emirates’ Taqa has reached out to Naturgy Energy Group SA’s largest shareholder to revive an offer for a stake in the €24 billion ($26 billion) Spanish utility, people familiar with the matter said.
Mohamed Hassan Alsuwaidi, chairman of the UAE’s top power company, traveled to Spain and met with an executive of CriteriaCaixa SA to discuss a potential deal, according to the people, who asked not to be named because the talks are private. Alsuwaidi is also the UAE’s investment minister.