- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Spain's Iberdrola announced yesterday that it had offered to buy out minority interests in its renewable energy division - Iberdrola Renovables - at almost half the price it listed the company at a little over three years ago.
With the economy still struggling to recover from its worst recession in decades and the stock market at levels well below those at the time of the company's listing, Iberdrola is offering 2.978 euros per share for its green power unit, 44% below to its listing price, but 16.7% above the average share price over the last six months.
Under the terms of the offer, Renovables shareholders would receive 1.191 euros per share in the form of a cash dividend with the rest in the form of Iberdrola shares on the basis of 0.299 Iberdrola shares for every Renovables share. Iberdrola said Renovables' share price does not reflect its growth potential.