EMAIL DETAILS
SUBJECT:
Iberdrola Sells 2.7% Stake In Energias De Portugal
PRI: NORMAL
FROM:
D
darcher@rosemontseneca.com
DATE:
2010-02-23 19:01:58
MSG_ID:
<014301cab4ba$adf85410$09e8fc30$@com>
RECIPIENTS:
TO:
A
'Abel Navarro Homet'
<abel@transatlanticeg.com>
H
Hunter Biden
<hbiden@rosemontseneca.com>
L
Lorenzo Roccia
<lorenzo@transatlanticeg.com>
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PROCESSED
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 atestHeadlines
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