Iberdrola Renovables was registered in Madrid following its incorporation in 2001. It started as a wholly owned business unit of Iberdrola under the name Iberenova.[3] In 2009 the company changed its registered office to Valencia. However, it still had a strong presence in Madrid and in Bilbao, its birthplace.
Flotationedit
The company was listed on the Madrid Stock Exchange in December 2007 in an initial public offering.[4] 844,812,980 new shares were placed at a price of €5.30 each. The operation totalled €5 billion, the largest placement ever made on the Spanish market by a new company.[citation needed]
The company joined the benchmark IBEX 35 index in a February 2008 reshuffle.[5]
Merger with Iberdrolaedit
In July 2011, Iberdrola Renovables merged with its parent company Iberdrola and is now Iberdrola's renewable energy business.[6] Minority shareholders could change their shares into Iberdrola shares at a 1 for 2 ratio, equivalent to a value of around €3 for each share of Iberdrola Renovables.
^"UPDATE 3-EDP Renewables shares slip on bourse debut". Reuters. 2008-06-04.
^"Iberdrola to float world's largest wind-power company: report". MarketWatch. 9 September 2007. Retrieved 2008-09-20.
^. AFX News. ABC Money. 9 September 2007. Archived from the original on 1 April 2012. Retrieved 2008-09-20.
^Rix, Kristian (13 December 2007). "Iberdrola Unit Drops in Debut After $6 Billion IPO". Bloomberg. Retrieved 2008-09-20.
^. Forbes. AFX News. 29 January 2008. Archived from the original on 2008-02-03. Retrieved 2008-09-20.
^Iberdrola and Iberdrola Renovables approve merger plan, 03/22/2011
External linksedit
Official site
May 01, 2024
iberdrola, renovables, subsidiary, iberdrola, headquartered, valencia, spain, which, included, companies, domains, renewable, energy, particularly, wind, power, firm, world, largest, renewable, energy, firm, world, largest, owner, operator, wind, farms, also, . Iberdrola Renovables was a subsidiary of Iberdrola headquartered in Valencia Spain which included companies in the domains of renewable energy particularly wind power The firm was the world s largest renewable energy firm 1 it was the world s largest owner operator of wind farms 2 but also operated in the solar hydro biomass and wave power industries Iberdrola RenovablesCompany typeSociedad Anonima UnipersonalTraded asBMAD IBRIndustryRenewable energyFounded2001 2001 DefunctJuly 11 2011 2011 07 11 FateMerged with IberdrolaHeadquartersValencia SpainKey peopleIgnacio Galan president Xavier Viteri CEO ParentIberdrola Contents 1 History 1 1 Flotation 1 2 Merger with Iberdrola 2 See also 3 References 4 External linksHistory editIberdrola Renovables was registered in Madrid following its incorporation in 2001 It started as a wholly owned business unit of Iberdrola under the name Iberenova 3 In 2009 the company changed its registered office to Valencia However it still had a strong presence in Madrid and in Bilbao its birthplace Flotation edit The company was listed on the Madrid Stock Exchange in December 2007 in an initial public offering 4 844 812 980 new shares were placed at a price of 5 30 each The operation totalled 5 billion the largest placement ever made on the Spanish market by a new company citation needed The company joined the benchmark IBEX 35 index in a February 2008 reshuffle 5 Merger with Iberdrola edit In July 2011 Iberdrola Renovables merged with its parent company Iberdrola and is now Iberdrola s renewable energy business 6 Minority shareholders could change their shares into Iberdrola shares at a 1 for 2 ratio equivalent to a value of around 3 for each share of Iberdrola Renovables See also editEnel Green PowerReferences edit UPDATE 3 EDP Renewables shares slip on bourse debut Reuters 2008 06 04 Iberdrola to float world s largest wind power company report MarketWatch 9 September 2007 Retrieved 2008 09 20 Iberdrola to raise up to 4 bln eur in Iberenova float report AFX News ABC Money 9 September 2007 Archived from the original on 1 April 2012 Retrieved 2008 09 20 Rix Kristian 13 December 2007 Iberdrola Unit Drops in Debut After 6 Billion IPO Bloomberg Retrieved 2008 09 20 Criteria Iberdrola Renovables to replace Altadis AGBAR in IBEX 35 index Feb 4 Forbes AFX News 29 January 2008 Archived from the original on 2008 02 03 Retrieved 2008 09 20 Iberdrola and Iberdrola Renovables approve merger plan 03 22 2011External links editOfficial site Retrieved from https en wikipedia org w index php title Iberdrola Renovables amp oldid 1221554253, wikipedia, wiki, book, books, library,
