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Iberdrola SA To Divest Assets and Cut Jobs To Curb Debt-Reuters
Reuters reported that Iberdrola SA is planning to slash investments, sell assets and cut its workforce over the next two years to help it reduce its debt by EUR 6 billion. The Company plans approximately EUR 2 billion in disposals, including assets in non-strategic countries, which could include its United Kingdom electricity grid, part of its United States business, wind farms and stakes in EDP and Gamesa. Other details were not disclosed.
Latest Developments for Iberdrola SA
- Iberdrola SA Sells Stake In Iberdrola Renewables Polska Sp. z.o.o. To PGE Polska Grupa Energetyczna SA And Energa Hydro Sp. z.o.o. For PLN 840 Million
- Iberdrola SA Closes Issuance Of EUR 1 Billion Bonds Through Its Subsidiary Iberdrola International BV
- Iberdrola SA Halts Scottish Power Stake Sale-Reuters
- Iberdrola SA To Sell Iberdrola Renovables France And French Wind Parks For EUR 350 Mln To General Electric Co, MEAG And EDF Energies Nouvelles-Reuters
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