Business
UAC Energy sells Infigen stake, Iberdrola wins takeover battle – The Australian Financial Review
The Spanish giant has emerged with 97 per cent of Infigen’s shares on issue and the right to full control of the company.
Spanish giant Iberdrola has won the day at Infigen Energy.
Street Talk can reveal UAC Energy, a rival Infigen suitor, sold its 19.9 per cent stake to Iberdrola on Wednesday afternoon.
Infigen Energy is expected to disappear from the ASX boards in coming weeks. Bloomberg
The move locked in a handy cash gain for UAC Energy, but saw Iberdrola emerge with 97 per cent of Infigen’s shares on issue and the right to full control of the company.
Iberdrola is expected to unveil its enlarged stake as …
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