Iberdrola said that the sale had been foreseen in its 2008-2010 strategic plan, which includes divestments of more than €3bn in non-core assets. Iberdrola said it had made a profit of €112 m on the share sale, which was organised through investment bank Morgan Stanley.
Iberdrola continues to be Gamesa’s largest shareholder with 14.1% and the company said that the sale will not affect a series of strategic agreements that it has with Gamesa.
These
