Drax Group in Talks to Buy UK Assets From Iberdrola
September 24 2018 - 1:32AM
Dow Jones News
By Adria Calatayud
Drax Group PLC (DRX.LN) is in talks with Iberdrola SA (IBE.MC)
over the potential acquisition of a U.K. portfolio of pumped
storage, renewable hydro and gas-fired generation assets, Drax said
over the weekend.
The discussions are preliminary and there can be no certainty of
any deal, the U.K. power-generation said in response to press
speculation.
Any potential acquisition would be fully debt-funded and subject
to shareholder approval, Drax said.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
September 24, 2018 01:17 ET (05:17 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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