May 9 (Reuters) - Iberdrola SA IBE.MC:
SALE OF 100 % OF THE SMART METERING RENTAL BUSINESS OF SCOTTISH POWER IN UNITED KINGDOM
TOTAL CONSIDERATION AGREED IN THE TRANSACTION IS GBP 899.7 MILLION (EQUIVALENT TO APPROXIMATELY EUR 1,061.5 MILLION
TRANSACTION EXPECTED TO OCCUR DURING Q3 2025
AT COMPLETION, SPERL A WHOLLY OWNED SUBSIDIARY OF SPRHL, WILL ENTER INTO A LONG-TERM METER RENTAL AGREEMENT WITH SPSMAL
SALE TO MACQUARIE UK HOLDINGS NO.2 LIMITED INDIRECTLY AND WHOLLY OWNED SUBSIDIARY OF MACQUARIE GROUP
Source text: ID:nCNMJgwJPF
Further company coverage: IBE.MC
(Gdansk Newsroom)
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