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Naturgy's 'spin-off' could be delayed beyond this year

Naturgy's spin-off plan into two groups, one for regulated businesses and the other for non-regulated businesses, could be delayed by the market situation and could take longer than this year.

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Naturgy's 'spin-off' could be delayed beyond this year

Naturgy's spin-off plan into two groups, one for regulated businesses and the other for non-regulated businesses, could be delayed by the market situation and could take longer than this year. This was explained by Francisco Reynés, president of Naturgy, at various meetings at the World Economic Forum in the Swiss town of Davos.

The spin-off plan, known as Project Gemini, was announced in early February, before the Ukraine war broke out.

The plan is to divide Naturgy into two companies so that each one has more visibility with its

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