Link Securities | Iberdrola (IBE) and Scottish Power have sounded out their rivals about a possible deal involving their UK retail business, as the sector faces high consumer debt and rapid growth from Octopus Energy, according to Expansión newspaper. Iberdrola has reportedly spoken to several companies in the sector about a merger with Scottish Power in response to the challenges facing the retail market, according to people familiar with the…

Norbolsa | The company announces that it plans to seek a partner for the sale of 49% of the East Anglia Two offshore wind farm, valued at €5 billion. Thus, following the sale of 49% of East Anglia One and East Anglia Three, the company plans to seek a new partner for the second phase of this offshore development, which corresponds to a 960 MW development. Meanwhile, according to press…

Alphavalue/DIVACONS | Iberdrola (IBE) strengthens its joint venture with Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, by adding an additional 708 MW of renewable capacity, corresponding to the Ceclavín (328 MW) and Tagus XL (380 MW) photovoltaic facilities, both located in Extremadura (Spain). As in previous additions, Iberdrola will maintain a majority stake of 51% in these assets. This new agreement consolidates the strategic alliance of 2,500…

Link Securities | Iberdrola (IBE) has reached an agreement to sell 100% of the shares in Iberdrola Renovables Magyarország KFT, which owns its business in Hungary, to a consortium formed by Premier Energy — which already acquired the company’s assets in Romania in 2024 — and the Hungarian group iG TECH CC, according to the Bolsamanía website. Through this transaction, the group will receive €171.2 million for the company’s shares…

Renta 4 | S&P Global has reiterated Iberdrola’s rating at ‘BBB+/A-2’, with a stable outlook, following the purchase of 30.29% of Neoenergia from Previ for €1.88 billion. The agency highlights that the transaction will reduce cash outflow in the Brazilian subsidiary and strengthen cash flow concentration, as will the integration of Avangrid in the United States from December 2024, which they consider positive for credit. Despite Neoenergia’s strategic importance, the…

Renta 4 | Agreement (subject to the relevant regulatory approvals) to purchase 30.29% of Neoenergia, the listed Brazilian subsidiary, with Caixa de Previdência dos Funcionários do Banco do Brasil for an amount of R$11.95 billion (€1.88 billion) at a price of R$32.5 (equivalent to approximately €5.12) per share, subject to possible adjustments. This price represents a premium of 15% over the last trading price, equivalent to an EV/EBITDA multiple of…