|Bid||21.37 x 0|
|Ask||21.40 x 0|
|Day's Range||21.30 - 21.30|
|52 Week Range||15.42 - 22.34|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
An international court has dismissed a lawsuit for 4.8 trillion pesos ($1.3 billion) filed by Spanish company Naturgy against Colombia over the seizure of its subsidiary Electricaribe, the Andean country's government said on Friday. Colombia's Superintendency of Domiciliary Public Services took possession of Electricaribe from Naturgy - previously known as Gas Natural - in late 2016, citing risks the company would default and its inability to provide services across an extensive area in the north of the country.
Naturgy is nearing a deal to buy U.S. solar firm Candela Renewables, two sources familiar with the matter told Reuters, marking the Spanish group's first ever deal in the United States, one of the markets where it wants to focus its expansion strategy in the next five years. The transaction is expected to be finalised this week, one of the sources said, speaking on condition of anonymity as the matter is confidential. Candela Renewables did not immediately respond to an email seeking comment.
Spanish utility Naturgy <NTGY.MC> on Wednesday reported a 14% drop in first-half core earnings on lower demand for gas and electricity as a result of the coronavirus outbreak, sparking a sharp drop in its shares. "These are clearly not good results, but clearly we are impacted by what is happening in the world and the coronavirus," Chief Executive Francisco Reynes told analysts during a call on Wednesday. The company said lower demand for gas and electricity during lockdowns in the first half had depressed prices, while weaker currencies in Latin America further eroded profitability.