Iberdrola

Iberdrola increased revenue in the second quarter by almost 10% to €10.45 billion and adjusted EBITDA by 13% to just under €4 billion, driven by a strong networks business. The company confirmed its raised profit target for 2026 and plans to increase adjusted net income for 2024 by more than 8%. At the same time, Iberdrola is acquiring an 80% stake in Caruna for €2 billion, a strategically fitting but, according to analysts, costly purchase that is likely to slightly boost earnings per share in 2027. » More on finanzen.net

Iberdrola is acquiring 80 percent of Finnish power network operator Caruna for 2.01 billion euros. The sellers are a Dutch company controlled by Ontario Teachers' Pension Plan and KKR. The deal is set to close after approval by competition authorities at the end of 2026 or early 2027; half of the purchase price will be paid at closing, the remainder within 30 months. Iberdrola’s share fell temporarily by about 1.5 percent to 21.00 euros. » More on finanzen.net

Iberdrola acquires an 80 percent majority stake in Caruna for €2.01 billion from a Dutch company controlled by Ontario Teachers' Pension Plan and KKR. The deal is subject to antitrust approval and is planned to close in late 2026 or early 2027. Half the purchase price will be paid at closing, with the remainder due within 30 months. » More on finanzen.net