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Provider: Reuters Investment Profile
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Iberdrola SA To Divest Assets and Cut Jobs To Curb Debt-Reuters

Wednesday, 24 Oct 2012 07:14am EDT 

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. 

Company Quote

0.033 +0.59%
7:09am EDT