Iberdrola Studies Bid for U.K. Nuclear Sites, Expansion Reports

May 7 (Bloomberg) -- Iberdrola SA is one of several companies studying whether to bid for a U.K. company that has two sites suitable for building nuclear reactors, Expansion reported, citing unidentified people in the industry.

The Spanish power company is analyzing Horizon Nuclear Power, a venture of RWE AG and EON AG, as a possible acquisition target by its NuGen venture with GDF Suez, the Spanish newspaper said. NuGen would have to pay about 300 million pounds ($485 million) for Horizon, according to analysts, the report said.

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