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Iberdrola acquires 88% of UK's Electricity North West, becoming the country's second-largest electricity distributor.
Iberdrola, a Spanish utility company, has acquired 88% of Electricity North West (ENW), a UK electricity distribution network, following approval from the UK's Competition and Markets Authority.
This acquisition makes Iberdrola the UK's second-largest electricity distributor, serving around 12 million people.
Iberdrola plans to invest £30 billion by 2030 in UK infrastructure, including transmission networks and renewable energy projects.
A Japanese consortium retains the remaining 12% of ENW.
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Iberdrola adquiere el 88% de la electricidad del Reino Unido en el noroeste, convirtiéndose en el segundo distribuidor de electricidad del país.