Spanish supply assets

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What if Iberdrola got rid of some Spanish supply assets?

MADRID | By Julia Pastor | First Spanish energy company in terms of market value Iberdrola- which is also fifth in Europe- is likely to sell 25% of its Spain’s supply business. Iberdrola said earlier on Tuesday that “to date, the company has not made any decision in connection to divestments of its assets.” If finally confirmed the eventual sale could be seen as response to the Spanish energy reform which strongly affected renewables. The firm already announced investment cuts in Spain for the next two years and an increase in the UK.