Iberdrola acquires 85.6% stake in Electricity North West

Iberdrola agreed to acquire an initial 85.6% stake in Electricity North West, a UK power distribution company, for GBP 1.7 billion, with a further GBP 400 million capital increase to reach an 88% stake. The deal makes Iberdrola the UK's second-largest electricity network operator.

“We have reached an agreement with the shareholders of Electricity North West, ENW, a high-profile U.K. power distribution company, to acquire an initial 85.6% stake.”stockanalysis.com

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• stockanalysis.comIberdrola (BME:IBE) Transcript: M&A AnnouncementAug 2, 2024

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