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    IBE   ES0144580Y14

IBERDROLA, S.A.

(IBE)
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Iberdrola offer for Australia's Infigen worth $635 mln now after condition met

07/23/2020 | 08:12pm EDT

July 24 (Reuters) - Spain's Iberdrola said on Friday it received further acceptances from shareholders for its takeover of Australian wind and solar firm Infigen Energy , meeting a condition that would see the offer price increase by 3 cents.

With the increase announced earlier this week conditional on acceptances of a further 13%, Infigen shareholders will now receive A$0.92 per share from the Spanish utility firm hoping to finalise the deal after a month-long battle with Philippine conglomerate Ayala Corp.

The Spanish firm's twice-improve improved offer with the backing of Infigen now stands at A$893.1 million ($634.28 million) and comes around a week after Ayala said it would not improve its bid.

Iberdrola said it now holds 38.06% of Infigen following the 13.5% of acceptances received on Thursday. ($1 = 1.4081 Australian dollars) (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Muralikumar Anantharaman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AYALA CORPORATION 1.18% 818 End-of-day quote.-1.09%
IBERDROLA, S.A. 1.47% 10.695 Delayed Quote.-8.59%
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Financials
Sales 2021 37 217 M 45 063 M 45 063 M
Net income 2021 3 624 M 4 388 M 4 388 M
Net Debt 2021 43 494 M 52 662 M 52 662 M
P/E ratio 2021 18,5x
Yield 2021 4,10%
Capitalization 67 722 M 81 918 M 81 998 M
EV / Sales 2021 2,99x
EV / Sales 2022 2,88x
Nbr of Employees 38 297
Free-Float 95,5%
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Technical analysis trends IBERDROLA, S.A.
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 12,15 €
Last Close Price 10,70 €
Spread / Highest target 52,4%
Spread / Average Target 13,6%
Spread / Lowest Target -22,4%
EPS Revisions
Managers and Directors
NameTitle
José Ignacio Sánchez Galán Chairman, President & Chief Executive Officer
José Sáinz Armada Chief Financial & Resources Officer
Fernando Lucero Batalla Head-Information Technology & Finance
Maria Dolores Herrera Pereda Compliance Director
Juan Carlos Rebollo Liceaga Group Director-Administration & Control
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