By Andrea Figueras
Iberdrola said it plans a capital increase of 5 billion euros ($5.88 billion) to support its upcoming investments.
The Spanish energy company said Wednesday that it plans an accelerated bookbuilding offering of new shares, with the amount of shares and price to be determined.
The company said that it sees "an unprecedented investment opportunity in the networks business." The capital increase will help the company to cover the financing needs for its investment plan that it will present on the next capital markets day on Sept. 24.
The Spanish markets regulator CNMV said earlier Wednesday that it would suspend the trading of Iberdrola shares "due to circumstances that could disturb the orderly course of transactions."
Meanwhile, the group booked net profit of 3.56 billion euros for the first half, down from 4.13 billion euros it made in the year-earlier period. Revenue rose 0.5% to 22.74 billion euros.
Iberdrola confirmed its guidance for 2025.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
July 23, 2025 02:43 ET (06:43 GMT)
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