Deals
Iberdrola Sells 32 French Wind Farms to GE, Meag, EDF
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Iberdrola SA, Spain’s biggest utility, said it sold its French renewables unit to General Electric Co., Meag and Electricite de France SA.
The deal is valued at 350 million euros ($462 million), including the sale price, loans and debt repayments, according to an Iberdrola filing today posted on the Spanish stock market regulator’s website. A further payment of 50 million euros is possible, Iberdrola said, without detailing the conditions.