(Bloomberg) -- Iberdrola SA, the world's largest
owner of wind-power parks, plans to raise about 3.5 billion euros
($4.7 billion) in a share sale to pay for U.S. utility Energy
East Corp.
The Spanish utility will begin selling 85 million new shares
today through a so-called accelerated offering, the Bilbao-based
power producer said today in an e-mailed statement. ABN Amro
Rothschild, Credit Suisse Group and JPMorgan Chase & Co. are
managing the sale, aimed at fund managers.
Read more at Bloomberg Stocks News
owner of wind-power parks, plans to raise about 3.5 billion euros
($4.7 billion) in a share sale to pay for U.S. utility Energy
East Corp.
The Spanish utility will begin selling 85 million new shares
today through a so-called accelerated offering, the Bilbao-based
power producer said today in an e-mailed statement. ABN Amro
Rothschild, Credit Suisse Group and JPMorgan Chase & Co. are
managing the sale, aimed at fund managers.
Read more at Bloomberg Stocks News
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