 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Iberdrola sets share price of renewable energy unit at 5.30 euros
Madrid (AFP) Dec 11, 2007 Spanish energy giant Iberdrola said Tuesday it had priced the 20 percent stake in its renewable energy arm which it will float later this week at 5.30 euros per share. The final IPO price came in at the bottom of the 5.3 to 7.0 euro range set by Iberdrola and it values Iberdrola Renovables at just over 22 billion euros (32 billion US dollars). The listing is being seen as a test of market demand for green stocks. The international tranche was 1.6 times subscribed while the the offer for retail investors was 3.4 times subscribed, Iberdrola said in a statement. The 20 percent stake in Iberdrola Renovables, which operates mainly in wind power, will start trading on Friday. Some traders had said that many orders already placed by institutions were conditional on the final listing price for Iberdrola Renovables coming at less than 6.0 euros per share. Related Links Powering The World in the 21st Century at Energy-Daily.com
Norway floats idea of 'carbon auction' to fight global warming
Nusa Dua, Indonesia (AFP) Dec 11, 2007Norway's finance minister on Tuesday proposed a fresh plan to battle climate change by auctioning off permits to emit CO2 and using the profits to help poor nations cope with global warming. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |
