(ADPnews) - Feb 23, 2010 - The board of Spanish utility Iberdrola (MCE:IBE) gave green light yesterday for the launch of a capital hike for up to EUR 1.048 billion (USD 1.428bn).
The capital hike has to be approved at the company's general shareholders' meeting which wil be held on March 26 or 27.
The new shares from the capital hike will be used in Iberdrola's new scrip dividend scheme which offers to shareholders to get stock instead of cash as complementary …
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