BRIEF-Iberdrola To Buy 80% Indirect Stake In Caruna Oy And Caruna Espoo Oy For € 2 Bln

KKR & Co

KKR & Co

KKR

0.00

July 21 (Reuters) - Iberdrola SA IBE.MC:

  • AGREEMENT TO BUY 80% INDIRECT STAKE IN CARUNA OY AND CARUNA ESPOO OY

  • ENTERPRISE VALUE FOR 100% OF GRUPO CARUNA IS APPROX € 5 BILLION

  • TO PAY APPROX € 2.01 BILLION FOR 80% STAKE

  • PAYMENT INCLUDES € 1.01 BILLION AT CLOSING AND € 1 BILLION DEFERRED

  • TRANSACTION IS EXPECTED TO BE COMPLETED BY END 2026 OR DURING Q1 2027

Source text: ID:nCNMv1qqS

Further company coverage: IBE.MC


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