Iberdrola Waives Conditions to Acquire 100% of Infigen Energy
June 30 2020 - 3:06AM
Dow Jones News
By Mauro Orru
Iberdrola SA said Tuesday that it has waived initially imposed
conditions for the total acquisition of renewable-energy provider
Infigen Energy.
The Spanish utility company said it is still committed to
acquiring a stake of more than 50% in the company.
Iberdrola said on Monday that it had decided to increase its
offer to 89 Australian cents (US$0.61) per security in cash, from
AUD0.86 previously.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
June 30, 2020 02:51 ET (06:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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