Iberdrola Renovables made a voluntary takeover bid for the wind developer last year. But has only now finalised the squeeze-out process, purchasing the remaining shares it did not already own, worth €175m ($223m).
Iberdrola Renovables first began pushing into Greece’s emerging market for wind power in December 2004, taking a 21% stake in Rokas. It has since continued upping its stake steadily.
The
