Finance

Iberdrola reduces Gamesa stake in asset sales plan

Iberdrola reduces Gamesa stake in asset sales plan

Spanish energy giant Iberdrola has sold a 10% stake in wind turbine manufacturer Gamesa for €391.7m ($557.7m). But the group will still be Gamesa’s largest shareholder and retain a series of strategic deals with it.

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Ben Backwell

Published: Tuesday, June 2 2009 | Last updated: Wednesday, June 3 2009

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