Iberdrola could sell its co-generation assets for more than 200 M€


Renta4 | According to media reports, the Spanish utility is in preliminary conversations with Neoelectra and SDCL to sell its electricty co-generation business in Spain, where it has 19 plants producing 368 MW.

The information suggests a Price of more than 200 million euros, depending on the future regulatory situation, above all in the long term. More than a year ago Iberdrola was looking for a buyer of these assets as part of its asset rotation strategy, where it exceeded 1.3 billion euros of the 3 billion foreseen in the plan. If the news is finally confirmed, we would value it positively but consider the impact limited. We reiterate overweight, O.P. 7.8 euros.


About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.