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Iberdrola Starts €5 Billion Share Sale to Boost Networks
27 Articles
27 Articles
The European stock exchanges have closed with significant advances, driven by the news of the trade agreement reached between the United States and Japan.The confidence that this pact paves the way for future trade resolutions has injected optimism into the markets.Ibex 35, however, has lagged behind in this bullish day, adding just 0.19% to close at 14,067.90 points. Several reasons explain this moderate behavior of the Spanish selective:Iberdr…
Iberdrola starts €5 billion share sale to boost networks
Iberdrola started a €5 billion ($5.9 billion) capital increase, the biggest share sale in Europe so far this year, to bolster investments in power networks and further its US and UK expansion. The Spanish energy giant will carry out an accelerated bookbuilding offering, it said in a regulatory filing Wednesday. The company has set an indicative price guidance of €15.10 per share to market, according to terms seen by Bloomberg. Indicative investo…
Ignacio Galán, president of the main Spanish electricity company, has strongly rejected the CNMC's proposal of remuneration for the networks, followed by announcing a historic capital increase of €5 billion to accelerate its investments in the United States and the United Kingdom. "We are talking about the cost of maintaining the current infrastructure and of course it is not giving any incentive to invest in new assets and this is something tha…
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