(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 offering, which is aimed at fund managers.
Read more at Bloomberg Energy News
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 offering, which is aimed at fund managers.
Read more at Bloomberg Energy News
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