Wednesday, June 27, 2007

Iberdrola Raises $4.5 Billion in New Share Sale for Energy East Purchase

(Bloomberg) -- Iberdrola SA, the world's largest
owner of wind-power parks, raised 3.37 billion euros ($4.5
billion) from selling new shares to pay for U.S. utility Energy
East Corp.

The Spanish utility sold 85 million new shares through a
so-called accelerated offering, the Bilbao-based power producer
said in an e-mailed statement to regulators today.


Read more at Bloomberg Stocks News

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