Norges Bank Investment Management to acquire a 49% stake in Energias Renovaveis Tras-Os-Montes 360 from Iberdrola.

Synopsis

Norges Bank Investment Management, an asset management unit of the Norwegian central bank, agreed to acquire a 49% stake in Energias Renovaveis Tras-Os-Montes 360, a renewable energy company, from Iberdrola, a global energy provider. Financial terms were not disclosed.

Principals

target

Energias Renovaveis Tras-os-montes 360 (wind Farms In Portugal And Solar Plants In Spain Portfolio)

bidder

Norges Bank Investment Management

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Market Context