Overview

• Iberdrola will acquire 88% of Electricity North West, valuing the company at approximately £4.21 billion including debt.
• The acquisition makes the UK Iberdrola's largest market by regulated asset base, valued at €14 billion.
• Electricity North West serves nearly five million people and operates 60,000 km of distribution networks.
• The deal aligns with Iberdrola's strategy to invest in stable, regulated power networks to support electrification and decarbonization.
• A consortium led by Kansai Electric Power will retain a 12% stake in Electricity North West.