Iberdrola Acquires Majority Stake in UK's Electricity North West for £2.1 Billion

The deal boosts Iberdrola's presence in Britain, making it the second-largest electricity network operator in the country.

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.