Iberdrola Plans $6.5 Billion Asset Sale to Cut Debt Burden

Iberdrola Plans $6.5 Billion Asset Sale to Cut Debt Burden

Angel Navarrete/Bloomberg

Iberdrola, which is the world’s largest wind-farm operator, will also cut about 1,200 jobs by 2014 in an effort to contain costs, amounting to about 4 percent of its staff.