Sunday, June 26 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    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.)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.