Link Securities | Iberdrola (IBE) announced on Thursday that it has completed the acquisition of the energy distribution, marketing and generation business of Electra del Maestrazgo, a family-owned utility based in Castellón, according to the Bolsamania website.
The statement also highlights that it expects a ‘positive impact on its accounts’ from this acquisition and anticipates that this will be reflected in its results. Iberdrola explained that the National Commission for Markets and Competition (CNMC) has given its final approval to the transaction.
Electra del Maestrazgo has 1,350 kilometres of medium and low voltage lines, 21,000 supply points, 19,000 customers and 6.8 MW of installed capacity with photovoltaic plants and hydroelectric generation.
