Bankinter | Spain has approved the transposition of the 2017 European directive to promote the long-term involvement of shareholders in listed companies. This will be implemented through a bill that will amend the Law on Corporations (if approved by Congress). On of the main amendments is that the obligation to present financial information in Q1 and Q3 is eliminated. Therefore, listed companies will only be required to present half-yearly results, not quarterly ones.Read More
Iberdrola has closed a deal to acquire a 165-megawatt onshore wind energy development in Scotland, involving an investment of over £150 million (about EUR 170 million). Meanwhile, through its US subsidiary Avangrid, Iberdrola has succeeded in unlocking its US-Canada interconnection project in which it plans to invest more than €1 billion.