European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Naturgy Index Re-Entry Confirmed – €250M Passive Flows Incoming

Naturgy Self-Tender: Arbitrage with Strategic Upside and Free-Float Catalyst

Naturgy: Auto-OPA Arbitrage Outcomes and Path to Index Reweighting

Naturgy: Accelerated Placement Clears MSCI Float Hurdle – Index Re-Entry Now Within Reach

Index Rebalance

Naturgy Energy Group SA / Index Rebalance

<ul>
<li>Naturgy has completed its final treasury sale, lifting free float to ~18.6% and reducing treasury stock to 1%, clearing the last major structural hurdle for MSCI Europe re-inclusion.</li>
<li>Liquidity surged in September with €15.2M in ADTV, exceeding MSCI thresholds; combined with sustained trading frequency and float, Naturgy is now fully compliant for February 2026 review.</li>
<li>Passive inflows of €150–250M are expected if included; price support around €25.90 remains intact. Current ownership structure caps float upside, solidifying 18.6% as a likely ceiling.</li>
</ul>


Naturgy has completed its final treasury sale, lifting free float to ~18.6% and reducing treasury stock to 1%, clearing the last major structural hurdle for MSCI Europe re-inclusion.
Liquidity surged in September with €15.2M in ADTV, exceeding MSCI thresholds; combined with sustained trading frequency and float, Naturgy is now fully compliant for February 2026 review.
Passive inflows of €150–250M are expected if included; price support around €25.90 remains intact. Current ownership structure caps float upside, solidifying 18.6% as a likely ceiling.


Naturgy Clears MSCI Liquidity Test – Final Float at 18.6%, Passive Flows in Sight