# 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.

- Type: Acquisition
- Announced: 2024-08-02
- Where: United Kingdom
- Value: $2.16B (1.70B GBP)
- Status: announced
- Products: electricity distribution
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Iberdrola](https://endata.com/companies/3003.md) (acquirer)
- [Electricity North West](https://endata.com/companies/24255.md) (target)

## Sources

- [stockanalysis.com](https://stockanalysis.com/quote/bme/IBE/transcripts/221082-m-a-announcement/), 2024-08-02: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.