Iberdrola closes the purchase of the Electra Electra Business of the Maestrazgo
Iberdrola has closed the purchase of the distribution, marketing and energy generation business of Electra del Maestrazgo, Utility of family origin that operates in the regions of Castellón and Teruel, and awaits a positive impact of this acquisition, which will be reflected in its results.
As reported by the energy group chaired by Ignacio Galánthe National Commission of Markets and Competition (CNMC) has already communicated its compliance to the operation, which was Authorized in the first phase on July 2, According to the records of the body chaired by Cani Fernández.
Electra del Maestrazgo has 1,350 kilometers in medium and low voltage lines, 21,000 supply points, 19,000 clients marketed and 6.8 megawatts (MW) installed capacity with photovoltaic plants and hydroelectric generation. These assets will be integrated into the Iberdrola business, reinforcing operations and presence in the region.
“With this purchase, Iberdrola reinforces its commitment to energy efficiency in the Provinces of Castellón and Teruel“The Energy Company has highlighted in a statement.
This transaction is aligned with the strategic plan of Iberdrola, focusing on the sale of non -strategic assets and the Reinvestment in relevant assets for the business and current objectives of the company, such as networks.
With the recent sale of Maine Natural Gas and the acquisition of the Electra Electra Business of the teacher, it has been achieved execute a capital movement According to this strategy.
