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Home » News » Grid » Iberdrola Acquires Majority Stake in Electricity North West for £2.1 Billion
Grid

Iberdrola Acquires Majority Stake in Electricity North West for £2.1 Billion

By Caesar HarrettAugust 5, 20242 Mins Read
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Credit: Iberdrola
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Iberdrola has signed an agreement to acquire an 88% stake in Electricity North West (ENW), a power network in the UK, for an equity value of £2.1 billion (€2.5 billion). The deal values the entire company, including debt, at approximately €5 billion. The acquisition aligns with Iberdrola's strategy of investing in electricity networks in countries

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Electric Iberdrola Ignacio Galán merger ScottishPower UK
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