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: From Overhang to Index Weight Expansion

Naturgy: Criteria Raises Stake to 28.5% as Float Expands

Naturgy: CVC Exit Completes Float Reset as Index Weight Upside Accelerates

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

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

Naturgy Float Surges to 25.8% – Index Weight and Passive Flows Set to Rise

Index Rebalance

Naturgy Energy Group SA / Index Rebalance

<ul>
<li>Naturgy's float rises to 28.8% after stake shifts by BlackRock, Criteria, and CVC–Alba; MSCI and Ibex index weights set to increase, with passive flows and liquidity surging.</li>
<li>3-Month ADTV jumps to &gt;€45M, more than tripling YoY, reinforcing Naturgy’s visibility in tracker portfolios and enabling higher lendable supply for ETFs and Delta One desks.</li>
<li>Criteria likely buyer up to 29.9%; CVC’s revised pact signals exit intent. Combined with IFM’s known interest, shareholder churn may boost volume and support short-term re-rating.</li>
</ul>


Naturgy's float rises to 28.8% after stake shifts by BlackRock, Criteria, and CVC–Alba; MSCI and Ibex index weights set to increase, with passive flows and liquidity surging.
3-Month ADTV jumps to &gt;€45M, more than tripling YoY, reinforcing Naturgy’s visibility in tracker portfolios and enabling higher lendable supply for ETFs and Delta One desks.
Criteria likely buyer up to 29.9%; CVC’s revised pact signals exit intent. Combined with IFM’s known interest, shareholder churn may boost volume and support short-term re-rating.


Naturgy Ownership Reshuffle Deepens – Index Weight and Flows Poised to Rise Further