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    Iberdrola May Sell up to 20% Stake in Iberdrola Distribucion Electrica


    May 17, 2022 - Marketline - Deals

     

      Deal In Brief

      Iberdrola SA, a Spain-based electric utility company, intends to sell 15-20% of stake in Iberdrola Distribucion Electrica SAU, an electric utility company, for a consideration of about EUR3 billion, as reported by La Informacion

      Energy company Morgan Stanley has been tasked with evaluating and finding a buyer for a minority stake, and is looking into significant infrastructure funds to acquire this stake, according to La Informacion

      The first valuations issued by this investment bank raise the estimate to between EUR15 and EUR20 billion for the total subsidiary. Everything will depend on the participation that will come at the end. Iberdrola’s sources declined to comment.

      Deal Value (US$ Million) 3121.5
      Deal Type Acquisition
      Sub-Category Minority Acquisition
      Deal Status Rumour: 2022-05-16

      Deal Participants

      Target (Company) Iberdrola Distribucion Electrica SAU
      Acquirer (Company) Undisclosed Company
      Vendor (Company) Iberdrola, S.A.

      Deal Rationale

      With this sale, Iberdrola wants to add value to its network distribution business.

      % Acquisition 20%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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