Gas Natural SDG SA (GAS.MC) is not looking at making any acquisitions in the energy sector, the company's Chief Executive Rafael Villaseca said Friday.
Speaking on a conference call with analysts, Villaseca said Gas Natural's main focus was meeting the objectives of its 2008-2012 strategic plan which calls for 8% average net profit growth each year.
Villaseca added if an opportunity comes along, the company would study it, but any future move wouldn't affect the company's day-to-day operations or its strategic plan.
Last month, people close to the matter said merger talks between Gas Natural and power company Iberdrola SA (IBE.MC) were deadlocked due to disagreements over the future shape of the resulting company.