ContourGlobal in talks to buy Iberdrola power plant

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Sharecast News | 17 Oct, 2018

Updated : 09:15

ContourGlobal confirmed on Wednesday that it has been in talks with Iberdrola about the possible acquisition of a solar power plant in Spain.

Responding to press speculation, the power generation business said a further announcement about the potential acquisition of a 50 megawatt concentrated solar power plant will be made if and when appropriate.

At 0910 BST, the shares were up 4.3% to 182.60p.

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