The Spanish parent company of Scottish Power has reportedly explored strategic options for its UK retail energy business. Sources indicate Iberdrola held discussions about potential combinations as the sector grapples with record consumer debts and market consolidation.
Energy Giant Explored Retail Unit Options
Iberdrola, the Spanish energy conglomerate that owns Scottish Power, has reportedly held discussions with sector rivals about potential deals involving its UK retail energy business, according to sources familiar with the matter. The talks, which began earlier this year, excluded Scottish Power’s networks and electricity generation operations but did not progress to a formal deal process.