https://www.reuters.com/markets/companies/IBE.MC

The (CMA) has decided to investigate this transaction and has made an initial enforcement order (IEO): for the purposes of preventing pre-emptive action in accordance with section 72(2) of the Act the CMA makes the following order addressed to Iberdrola SA, SPW Investments and SPENH (collectively Iberdrola), and NWEN Jersey and NWEN UK (collectively NWEN) ….

.Iberdrola, S.A is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers.  Subsidiaries include ScottishPower (United Kingdom) and a significant part of Avangrid (United States), amongst others.  As of 2023, the largest shareholder of the company is the Qatar Investment Authority, with BlackRock and Norges Bank (managers of the Norwegian Government Pension Fund Global) also holding significant interests.  Iberdrola is the largest producer of wind power, and the world’s second largest electricity utility by market capitalisation.  As of 2023,  the company operates a capacity of 62,045 MW, of which 41,246 MW are from renewable sources worldwide