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Investment fund IFM files offer for Naturgy stake worth 5 bln euros

MADRID, Jan 26 (Reuters) - Infrastructure investment fund IFM said on Tuesday it had made a public offer for a 22.69% stake in Spanish power utility Naturgy for 5.06 billion euros.

The fund is offering 23 euros per Naturgy share, a 19.7% premium over Naturgy’s closing price on Monday.

It said its offer is subject to obtaining at least 17% of all Naturgy shares. (Reporting by Inti Landauro and Isla Binnie; editing by Jason Neely)

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