Radar > 242973

Iberdrola to acquire WGL Holdings

Iberdrola podría comprar WGL Holdings

Intel ID : 242973
Synopsis

Iberdrola (BME:IBE), a Spain-based power company, could be interested in acquiring WGL Holdings (NYSE:WGL), a US-based gas and power company, reported Bloomberg on 29 November 2016, citing sources familiar with the matter.

Shares of the US Group have risen on Tuesday as much as 11.9% on Wall Street due to rumors of a possible purchase. The market capitalization of WGL Holdings is around USD 3.5bn.

Iberdrola operates in the US through Avangrid, a group in which it controls over 80%.
(content in spanish)

Iberdrola (BME: IBE), compañía eléctrica española, estaría interesada en comprar el grupo WGL Holdings (NYSE: WGL), empresa estadounidense de suministro de gas y electricidad, según ha informado Bloomberg el 29 de noviembre de 2016, citando a fuentes conocedoras de la operación.

Los títulos del grupo energético estadounidense se dispararon este martes hasta un 11,9% en Wall Street debido a los rumores de una posible compra. La capitalización bursátil de WGL Holdings es de unos USD 3.500m.

Iberdrola opera en Estados Unidos a través de Avangrid, grupo del que posee más del 80%.

Bidder

Target

WGL Holdings
United States

Intel ID 242973
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
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Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Wind (Primary)
Energy and Renewable Energies / Solar
Energy and Renewable Energies / Biomass
Primary Sector (TTRSC)
20.04.09 Wind Power
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
20.04.05 Hydrogen
20 Energy & Utilities / 20.04 Renewable Energy

20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Energy and Renewable Energies / Electric
Services and Distribution / Public Services
Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.