Uría Menéndez advises GIP III CANARY 1 (BlackRock) on the accelerated placement of a 7.10% stake in Naturgy

December 11, 2025

Uría Menéndez has advised GIP III Canary 1 – a vehicle controlled by funds managed by Global Infrastructure Partners (GIP), a BlackRock subsidiary – on the accelerated placement of 68,825,911 ordinary shares in Naturgy Energy. The transaction, representing 7.10% of Naturgy’s share capital, exceeds EUR 1.7 billion in value.

The Uría Menéndez team, led by Javier Redonet Sánchez del Campo (partner, Capital Markets), was formed by Alfonso Bernar (managing associate, Capital Markets), José Ignacio Baus Garcés (senior associate, Capital Markets), Lucía Berrícano Bayón (associate, Capital Markets), and Fedir Ragulin (associate, Capital Markets).

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