By Forbes Spain
Iberdrola will sell 80% of its electricity generation business in Mexico to a private fund with financing from a Mexican government trust. Spanish energy giant Iberdrola announced on April 4 the sale of power plants in Mexico, equivalent to 80% of its power generation capacity, to private company Mexican Infrastructure Partners (MIP) with financing from the Mexican government’s National Infrastructure Fund (Fonadin).
The $6 billion sale includes 13 power plants: 12 combined cycle gas and steam plants, plus a wind farm. Since then, the company’s shares have risen almost 3.5%. The top three shareholders are the Qatar Sovereign Wealth Fund, Blackrock and Vanguard, which are the world’s largest private equity fund managers, according to Bloomberg data.
These are Iberdrola’s top 20 shareholders:
Qatar Holding is the largest shareholder of the electricity company, with 8.62% of the capital and a stake valued at more than nine billion. The American BlackRock is the second largest shareholder, with 5.10% of the capital, and the Norwegian Norges Bank Investment Management is the third, with 3.56%, according to data compiled by Expansión.
The top five is closed by the U.S. companies The Vanguard Group, with 3.17%, and Capital Research and Management Company, with 2.17%. Below 1% are French Amundi Asset Management (0.97%), US MFS Investment Management (0.95%), FMR LLC (0.94%) and JP Morgan Asset Management (0.88%) and Pictet Asset Management (UK, 0.72%).
Rounding out the top 20 are Fidelity International Ltd (Bermuda/0.62%), Union Asset Management Holding (Germany/0.55%), Deutsche Asset & Wealth Management (Germany/0.51%), Baillie Gifford & Co. (United Kingdom/0.5%), Lyxor International Asset Management S. A. (France/0.48%), Deka Investment GmbH (Germany/0.45%), State Street Global Advisors (USA/0.44%), Wellington Management Group (USA/0.43%), Geode Capital Management (USA/0.41%) and UBS Asset Management (Switzerland/0.34%).
