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Iberdrola ( (ES:IBE) ) has shared an update.
Iberdrola’s subsidiary, Scottish Power Retail Holdings Limited, has agreed to sell its smart meter rental business in the UK to Macquarie UK Holdings for approximately 899.7 million pounds. This transaction, pending approval by the British competition authority, is expected to close in the third quarter of 2025, and includes a long-term rental agreement to continue providing services to Scottish Power’s customers.
More about Iberdrola
Iberdrola is a prominent company in the energy sector, focusing on electricity generation, distribution, and retail. It operates globally with a significant presence in the United Kingdom through its subsidiary, Scottish Power.
Average Trading Volume: 11,227,932
Technical Sentiment Signal: Buy
Current Market Cap: €101.9B
Learn more about IBE stock on TipRanks’ Stock Analysis page.