Qatar sovereign wealth fund wants to raise stake in Iberdrola past 10%

13th Sep 2024 10:30

(Sharecast News) - Qatar's sovereign wealth fund has told authorities in Madrid that it wishes to raise its stake in Iberdrola past 10%.

According to Spanish financial daily Expansión, which cited multiple sources from the energy sector, the move by Qatar was in response to those from regional rival Abu Dhabi within the same sector in Europe.

At present, the Qatar Investment Authority held a stake of 8.7% in Iberdrola.

Analysts at Banco Sabadell said that Friday's news had been a source of speculation since the start of the month.

Hence, in their opinion "it wouldn't come as a surprise, if confirmed".

Top Risers

Share	Price	Change
Oracle Power (ORCP)	0.0315	154.24%
Quadrise (QED)	3.62	54.13%
Enwell Energy (ENW)	23.00	46.03%
Webis (WEB)	0.125	38.89%
Tpximpact Hldg (TPX)	40.50	29.23%

Top Fallers

Share	Price	Change
I-nexus Global. (INX)	1.50	-52.38%
Severfield (SFR)	55.60	-36.24%
Sancus Lend (LEND)	0.30	-33.33%
Tribe Technology (TRYB)	2.45	-20.97%
Great Western (GWMO)	0.0175	-20.45%

Top By Volume

Share	Price	Volume
Nativo Resources (NTVO)	0.0025	2,718,061,998
Oracle Power (ORCP)	0.0315	1,355,295,603
Tower Resources (TRP)	0.0275	525,875,965
Cap-xx (CPX)	0.135	486,920,093
Mosman Oil Gas (MSMN)	0.038	329,426,919

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.