But it bucked the trend the other day with the announcement that the company won’t be putting a stake in its £1bn-plus-valued ($1.6bn) UK networks business on the block after all.
The reason given was that Iberdrola’s three-year programme to offload €2bn ($2.7bn) worth of assets is ahead of schedule, following deals over everything from French and German onshore wind to a Spanish-Algerian gas pipeline, plus a helping hand from having interests seized for nationalisation by the socialist Bolivians.
Whatever
