Iberdrola expands control in Brazil with Celpe stake

Article Abstract:

Iberdrola SA has acquired Companhia Energetica de Pernambuco SA (Celpe). The deal will enable Iberdrola to further consolidate its dominance in the northeast region of Brazil.

Asset sales & divestitures, Foreign operations, Brazil, Companhia Energetica de Pernambuco

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Iberdrola declares bid by Gas Natural hostile

Article Abstract:

Gas Natural SDG S.A.'s acquisition bid for Iberdrola S.A. has been ruled to be a hostile takeover attempt by the latter. Gas Natural's bid stands at 15.3 billion euros.

Strategy & planning, Gas Utilities, Natural Gas Distribution, Gas Production and Distribution, Planning, Company acquisition/merger, Company business planning, Gas Natural SDG S.A.

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Endesa, Iberdrola call off deal, blame government

Article Abstract:

Iberdrola SA's planned merger with Endesa SA has been cancelled due to strict governmental demands. The proposed merger was valued at 13.4 billion euros.

Electric, Gas & Water Utilities, Utilities, ELECTRIC, GAS, AND SANITARY SERVICES, Energy industries, Energy industry, Public utilities, Endesa S.A.

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