Deals
Iberdrola Is Said to Review Options for Spanish Nuclear Assets
- Power company weighs sale, JVs with domestic, foreign firms
- No final decision has been made, valuation could be a hurdle
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Iberdrola SA is exploring options including a sale of its nuclear power assets in Spain as it seeks to expand into other faster-growing businesses such as renewable energy and markets including the U.S., according to people familiar with the matter.
The company is also considering a partnership or joint venture for the business with a Spanish or foreign energy firm, the people said, asking not to be identified because the deliberations are private. Iberdrola is working with financial advisers on the review, which could attract bidders such as Endesa SA, Gas Natural SDG SA and Chinese suitors, they said.