Yet another example of a foreign entity acquiring an established U.K. business.
August 05, 2024 at 06:33 AM
2 minute read
Reporter
Freshfields Bruckhaus Deringer and Clifford Chance are advising as Spanish utility Iberdrola purchases a majority stake in U.K. power grid operator Electricity North West for approximately £2.1 billion.
Iberdrola is acquiring its 88% stake at the equity value from three shareholders: Equitix, KDM Power and China-backed CNIC.
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