25 Feb 2012
(MENAFN) Qatar has increased its stake in Spanish electricity supplier Iberdrola to 8.4 percent for USD3 billion, Bloomberg reported.
Qatar Investment Authority (QIA), the emirate’s sovereign wealth fund, is now the second largest shareholder in the utility copany after the Spanish construction company Actividades de Construccion & Servicios, which holds about 19 percent, according to Iberdrola’s annual corporate governance report covering 2011 activities.
QIA first acquired 6.2 percent holding in March and acquired the additional shares in a year Iberdrola fell 16 percent, the worst market performance since 2008, as the global economic slowdown damped demand for power and Spain slipped toward a second recession in four years.
Iberdrola, Spain’s largest power company and the world’s biggest owner of wind farms, said it may miss a 2012 profit target.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more