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
the
merits
of
these
transactions,
UK
networks
is
a
licence
to…
