Iberdrola enters race for Infigen Energy

17 June 2020 - 12:00 am UTC

Spanish utility Iberdrola is poised to make an off-market takeover bid for Infigen Energy after entering into a bid implementation agreement with the Australian renewable developer.

Iberdrola today announced the AUD 86 cents per security cash offer from its Australian subsidiary, that values Infigen at AUD 840.6m (USD 577m) and is a 54.2% premium to its one-month volume weighted average security price on 02 June.

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