Iberdrola to Separate Renewable Assets Amid Restructuring Measures --Europa Press

11/28/17 03:16 AM EST

--Iberdrola SA (IBE.MC) will separate its renewable-energy assets from its thermal assets in light of restructuring measures, Europa Press reports.

--Iberdrola will create a new company called Iberdrola Generacion Termica, Europa Press cited a Spanish government publication as saying, the objective of which will be to encompass all non-renewable assets, including nuclear and carbon.

--On the other hand, a new structure within Iberdrola will encompass all of the company's renewable assets, including wind and hydropower, Europa Press reports.

 

Full story in Spanish: http://bit.ly/2Agwmyc

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

November 28, 2017 03:16 ET (08:16 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.