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…

Bankinter | The US government could withdraw authorisation to build and operate the New England Wind 1 and 2 offshore wind farms off the coast of Massachusetts, threatening the continuity of projects involving Avangrid, Iberdrola’s US subsidiary. Together, they could represent investments of $8 billion (€6.86 billion). According to the White House, this measure is part of the need to ‘ensure that the United States can maintain a strong fishing…