Iberdrola Sells 2.7% Stake In Energias De Portugal

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2010-02-23 19:01:58

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Iberdrola Sells 2.7% Stake In Energias De Portugal

MADRID (Dow Jones)--Spanish electricity company Iberdrola SA (IBE.MC)
Tuesday said it has sold a 2.706% stake in Portuguese energy company
Energias de Portugal SA (EDP.LB) for EUR298 million as part of its
divestment strategy.

In a filing to Spain's stock market regulator, Iberdrola said it will make a
gain of about EUR68 million on the sale.

After the transaction, the Spanish company is keeping a 6.794% stake in EDP.


Iberdrola shares closed down 2.1% at EUR5.90 Tuesday. The company reports
fourth-quarter results Wednesday.

Company Web site: www.iberdrola.com

-By Daniel de la Puente, EFE Dow Jones; +34-91-395-8120;
djmadrid@dowjones.com

http://online.wsj.com/article/BT-CO-20100223-711826.html?mod=WSJ_Deals_LEFTL
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