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Blackstone Teams With Ex-Iberdrola Team to Start Energy Company

Jan. 23 (Bloomberg) -- Blackstone Group LP, the world’s largest alternative-asset manager, is starting an energy development company with the former head of Iberdrola Renewables.

Fisterra Energy will be owned by Blackstone funds and will focus on identifying and developing large-scale power projects in Latin America, Europe and the Middle East, New York-based Blackstone said today in a statement on Business Wire. Fisterra will be headed by Pedro Barriuso, the former head of Iberdrola Renewables.

Link to Statement:{NSN MH310C3V2801 <GO>}

Link to Company News:{BX US <Equity> CN <GO>} Link to Company News:{IBE SM <Equity> CN <GO>}

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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