- Reuters•5 days ago
Spanish power utility Iberdrola is considering merging the operations of two Brazilian companies in which it is a major shareholder and eventually offer shares of the combined companies, newspaper O Estado de S.Paulo said on Tuesday. Neoenergia SA, in which Iberdrola shares control with two government-led investors, and Elektro Redes SA , almost fully owned by the Spanish firm, have kicked off the merger talks a few weeks ago, O Estado said, citing unidentified sources with knowledge of the talks. The merger could pose an opportunity for Brazil's state-controlled bank Banco do Brasil SA and its employee pension fund Previ to sell their stakes in Neoenergia, which is Brazil's largest private power distributor, the paper said.
- Reuters•5 days ago
Saudi Arabia aims to produce 10 percent of its power from renewable sources in the next six years as it pushes ahead with a multi-billion-dollar plan to diversify its energy mix and free up more crude oil for export. The drive by the world's top oil exporter will see the kingdom developing 30 solar and wind projects by 2023 to boost its electricity generation and reduce crude oil burning.
- Reuters - UK Focus•11 days ago
EDF Energy will raise its dual-fuel prices by 7.2 percent from June 21, the company said on Wednesday, increasing its prices for the second time this year. The move comes against the backdrop of a British retail energy market coming under increasing scrutiny after five of the country's bix six suppliers announced significant price rises for this year. The government has said it is prepared to act and has said that a consumer green paper that could include proposals for the energy market will be published in the spring.
IBE.MC: Summary for ACCIONES IBERDROLA - Yahoo Finance
Iberdrola, S.A. (IBE.MC)
MCE - MCE Delayed price. Currency in EUR
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|Bid||6.49 x 863400|
|Ask||6.55 x 9000|
|Day's range||6.42 - 6.53|
|52-week range||4.80 - 6.78|
|PE ratio (TTM)||15.47|
|Dividend & yield||0.31 (4.37%)|
|1y target est||N/A|