Iberdrola (ES:IBE) has released an update.
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Iberdrola, S.A. is set to acquire an 88% stake in North West Electricity Networks, which owns Electricity North West Limited, for approximately 2.134 billion British pounds. The deal is contingent on UK government and regulatory approvals and is in line with the company’s Strategic Plan for 2024-2026, aiming to strengthen its position in the UK energy market. The transaction also includes partnership agreements and an indemnity insurance policy to cover transactional risks.
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