Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1528172

Cover Image

PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1528172

Iberdrola Ramps-up Networks Business through ENW Acquisition

PUBLISHED:
PAGES:
DELIVERY TIME: 1-2 business days
SELECT AN OPTION
PDF (Enterprise License)
USD 1050

Add to Cart

Report Summary:

Iberdrola has agreed to acquire an 85.6% stake in Electricity North West (ENW), a UK power networks operator, for Pound 1.7 billion (c.US$2.2 billion) in cash. Iberdrola will inject a further Pound 400 million (US$513 million) after transaction close and increase its holding to 88%. Iberdrola has meaningfully bolstered its power networks business through this deal. The agreed purchase of ENW is a significant acquisition that has created the number two power networks operator in the UK behind National Grid, based on Regulated Asset Value (RAV). The acquisition is entirely in line with Iberdrola's growth strategy and will deliver a meaningful uplift to its regulated asset base.

Product Code: 150297581

Table of Contents

  • Executive Summary
  • ENW is a clear strategic fit
  • The acquisition was in the UK
  • Deal valuation appears reasonable
  • Operational and financial synergies offer potential upside
  • Are further acquisitions on the cards?
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!