Spanish utility company Iberdrola is reportedly considering selling its real estate unit to help finance a EUR 17.2 bn bid for Scottish Power, according to a report in Spain's business daily Expansion. The newspaper said Iberdrola's chairman Ignacio Sanchez Galan has been opposed to the sell-off up to now because he felt buyers would not pay a high enough price for the real estate arm, which has assets valued at EUR 12.7 bn.
Would you like to read more? Log in first (top right of the screen) or take a trial.
