Iberdrola Agrees to Acquire 80% Stake in Finnish Utility Caruna for €2.01 Billion
Spanish energy company Iberdrola has agreed to acquire an 80% stake in Finland's main electricity distributor, Caruna Group, for approximately €2.01 billion ($2.29 billion). The transaction is structured with half of the purchase price paid at closing and the remaining amount due within 30 months.
Topics: Energy Sector Mergers & Acquisitions