Iberdrola plans €5B capital raise to fund growth in U.S., U.K.

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Iberdrola

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Iberdrola (OTCPK:IBDRY) (OTCPK:IBDSF) said Wednesday it launched a €5B capital increase to help pay for a major increase in investments in power grids in the United States and Britain.

The Spanish utility company plans to increase its annual investments to ~€15B

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