Iberdrola now has a stake of around 17.6%, after buying shares equivalent to 2.8% of the company’s capital since 7 October, when Gamesa presented its new 2011-2013 business plan. Gamesa’s shares have risen in recent days on Iberdrola’s buying, after losing more than half their value since the beginning of the year.
Iberdrola is Gamesa’s largest shareholder, despite its sale of a 10% stake in the company in 2009.
