Overview

• Iberdrola has confirmed its acquisition of Electra del Maestrazgo and its subsidiaries, marking its re-entry into energy distribution after more than three decades.
• The deal includes Hidroeléctrica del Guadalope, Maestrazgo Distribución Eléctrica, and Electra Energía, which operate across northern Castellón and southeast Teruel.
• Electra del Maestrazgo has a significant presence in Els Ports and the Maestrat regions, serving towns like Morella, Peñíscola, and Sant Mateu.
• Iberdrola has committed to maintaining the existing workforce of Electra del Maestrazgo following the acquisition.
• The transaction, valued at over €70 million, is pending approval by Spain’s Comisión Nacional de los Mercados y la Competencia (CNMC).