Innogy: whets Iberdrola appetite.
(CercleFinance.com) - According to Aurel BGC, citing the Spanish journal Expansion, Innogy, the listed subsidiary of the German energy group RWE specialising in renewable energies and networks, could be a potential takeover target for Iberdrola.
"Iberdrola would be more interested in Europe now, assuming that a consolidation movement could emerge," the broker reports, noting that the
Spanish energy group has not made any comments on the matter.
For the record, Innogy was listed on the Frankfurt Stock Exchange in October 2016 and its market capitalisation currently stands at around 20.9 billion euros, compared to about 44.5 billion euros for Iberdrola.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
"Iberdrola would be more interested in Europe now, assuming that a consolidation movement could emerge," the broker reports, noting that the
Spanish energy group has not made any comments on the matter.
For the record, Innogy was listed on the Frankfurt Stock Exchange in October 2016 and its market capitalisation currently stands at around 20.9 billion euros, compared to about 44.5 billion euros for Iberdrola.
Copyright (c) 2017 CercleFinance.com. All rights reserved.