Business
Iberdrola to Take Control of Finnish Utility Caruna for $2.3 Billion
Iberdrola IBE 0.19%increase; up pointing triangle said it reached a deal to buy a majority stake in Finland’s main electricity distributor for 2.01 billion euros ($2.29 billion).
The acquisition of 80% of the share capital of Caruna Group strengthens the Spanish utility’s position in Finland, which it called “a market with high credit quality and a stable and attractive regulatory framework.”
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