Subject: Iberdrola Sells 2.7% Stake In Energias De Portugal
From: "Devon Archer " <[email-masked]>
To: "'Abel Navarro Homet'" <[email-masked]>, "Lorenzo Roccia" <[email-masked]>, "Hunter Biden" <[email-masked]>
Date: Tue, 23 Feb 2010 14:01:58 -0500

Iberdrola Sells 2.7% Stake In Energias De Portugal 

MADRID (Dow Jones)--Spanish electricity company Iberdrola SA (IBE.MC)
Tuesday said it has sold a 2.706% stake in Portuguese energy company
Energias de Portugal SA (EDP.LB) for EUR298 million as part of its
divestment strategy. 

In a filing to Spain's stock market regulator, Iberdrola said it will make a
gain of about EUR68 million on the sale. 

After the transaction, the Spanish company is keeping a 6.794% stake in EDP.

Iberdrola shares closed down 2.1% at EUR5.90 Tuesday. The company reports
fourth-quarter results Wednesday. 

Company Web site: www.iberdrola.com 

-By Daniel de la Puente, EFE Dow Jones; +34-91-395-8120;
[email-masked] 

http://online.wsj.com/article/BT-CO-20100223-711826.html?mod=WSJ_Deals_LEFTL
atestHeadlines