May 23, 2024 12:33 GMT
Iberdrola (IBESM Baa1/BBB+/BBB+): Potential Asset Sale
UTILITIES
• Bloomberg reports Iberdrola is looking to sell a stake in its US renewable assets for up to $1.8bn.
• Follows a deal earlier this month to acquire Avangrid minorities for $2.55bn.
• Credit neutral overall.
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