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Iberdrola Qatar stake purchase

Qatar paying 2.2 bln euros for 6.2 pct of Iberdrola

Stake sale comes from capital hike, treasury stock; Iberdrola to issue 338 mln shares at 6.63 euros each; Sale further dilutes core shareholder ACS; Iberdrola to buy back 247 mln shares for Renovables buyout; Iberdrola shares up 2.4 percent

March 14, 2011 3:45