Iberdrola Sells Its 158 MW Wind Assets in Hungary to Premier Energy for €171M
The Spanish group completes the sale of its Hungarian subsidiary to a consortium led by Premier Energy. This divestment aligns with its strategy of refocusing on regulated networks and the US and UK markets.
| Countries | Espagne, Royaume-Uni, Hongrie, Roumanie, États-Unis |
|---|---|
| Companies | Iberdrola |
| Sector | Énergie Éolienne |
| Theme | Investissements & Transactions |
Iberdrola has completed the sale of all its operations in Hungary after obtaining the necessary regulatory approvals. The Spanish energy group sold 100% of the shares in Iberdrola Renovables Magyarország KFT to a consortium formed by Premier Energy and a subsidiary of Hungarian group iG TECH Capital. The total transaction value reaches €171M, according to data disclosed by the company. This amount breaks down into €128M for the share price and €43M corresponding to a dividend distributed prior to completion.
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