Spanish power and gas utility Naturgy Energy Group SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Naturgy-Energy-Group-ES0116870314" target="_blank">BME:NTGY</a>) has struck an agreement with the European Investment Bank (EIB) to obtain a loan of EUR 700 million (USD 743.3m) for the modernisation of electricity distribution grids in Spain.