Business · Companies · 7 hrs ago
CPPIB considers selling its 12% stake in Spain’s Nedgia
Canada’s pension fund CPPIB is considering selling its 12% stake in Nedgia, Spain’s largest gas distributor.
The fund has discussed a possible sale with financial advisers, but the talks are at an early stage and it may decide not to sell.
CPPIB bought the stake for €900 million in 2018, when Nedgia was separated from energy company Naturgy.
Naturgy still owns 80% of Nedgia, while Allianz owns 8%; the two funds hold their stakes through a joint investment vehicle.
Nedgia’s network serves more than 5.5 million supply points across 1,222 Spanish municipalities.
The possible sale comes after Spain’s energy regulator approved a new gas-sector framework for 2027 to 2032.
No sale has been confirmed, and CPPIB has not said what it will do next.
CPPIB is considering selling its 12% stake in Nedgia, Spain’s largest gas distributor.
The Canadian pension fund has discussed a possible sale with financial advisers, according to sources cited by Bloomberg.
The discussions are at an early stage, and CPPIB may decide not to sell.
CPPIB acquired its stake in 2018 for €900 million.
Naturgy retains an 80% stake in Nedgia, while Allianz holds 8%.
- Who
- Canada Pension Plan Investment Board (CPPIB) is considering a sale.
- What
- It may sell its 12% stake in Nedgia.
- When
- The discussions were reported on 2026-10-26. Their start date is not stated.
- Where
- Nedgia operates in Spain.
- Why
- Not stated.
This story does not have two clearly opposing sides.
CPPIB acquired a 12% stake in Nedgia for €900 million.
Expansión reported that CPPIB had discussed a possible sale with financial advisers.
- CPPIB stake
- 12%
- Acquisition year
- 2018
- Acquisition price
- €900 million
- Naturgy stake
- 80%
- Allianz stake
- 8%
- Nedgia network
- More than 5.5 million supply points in 1,222 municipalities