La Caixa secures its power on Naturgy's board
Naturgy comunica al registro y la CNMV cambios clave en el sistema de votación dentro del consejo. Leer
Naturgy has informed the Spanish stock market regulator CNMV and the Registro Mercantil of changes to its board of directors' voting system, which were approved before summer. The changes, effective now, include abolishing the reinforced majority scheme introduced in 2016, reverting to a simple majority for decision-making. This development may strengthen the influence of CriteriaCaixa, Naturgy's largest shareholder with around 26% of its capital, within the board.
CriteriaCaixa has three board members and may easily achieve a simple majority with the support of some independent directors.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
