Iberdrola Increases Offer for Infigen Energy to Around AUD869 Million
June 29 2020 - 3:06AM
Dow Jones News
By Mauro Orru
Iberdrola SA said Monday that it has increased its offer for the
acquisition of renewable-energy provider Infigen Energy to around
869 million Australian dollars ($596.6 million).
The Spanish utility company said it decided to raise its offer
to AUD0.89 per security in cash, from AUD0.86 previously.
Iberdrola's move comes after UAC Energy Holdings raised its
offer for Infigen Energy to AUD0.86 per stapled security.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
June 29, 2020 02:51 ET (06:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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