Statkraft connects 44.5-MW solar farm to grid in Spain
Sep 19, 2024 15:28 CEST(ADPnews) - Mar 9, 2011 - Spain's stock marker regulator CNMV decided to lift the suspension on the trading of Spanish utility Iberdrola (MCE:IBE) and its renewable energy arm Iberdrola Renovables (MCE:IBR) as of 0830 CET today.
Yesterday, CNMV temporarily suspended the trading in the two companies after Iberdrola offered to buy back the stake of its arm which was listed on the Madrid stock exchange in December 2007. Before the suspension Iberdrola traded at EUR 5.99, up 0.37%, and the renewable energy firm -- at EUR 2.736, up 1.07%.
Iberdrola offers its shares at EUR 0.75 (USD 1.042) par value apiece, while Iberdrola Renovables shares -- at EUR 0.50 per share, giving a 16.7% premium compared with the average market price of Iberdrola Renovables in the last six months. Currently, the utility holds 80% in Iberdrola Renovables.
(EUR 1.0 = USD 1.389)
Statkraft connects 44.5-MW solar farm to grid in Spain
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