By Mauro Orru

Iberdrola SA said Monday that it has increased its offer for the acquisition of renewable-energy provider Infigen Energy to around 869 million Australian dollars ($596.6 million).

The Spanish utility company said it decided to raise its offer to AUD0.89 per security in cash, from AUD0.86 previously.

Iberdrola's move comes after UAC Energy Holdings raised its offer for Infigen Energy to AUD0.86 per stapled security.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

June 29, 2020 02:51 ET (06:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Infigen Energy (ASX:IFN)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Infigen Energy Charts.
Infigen Energy (ASX:IFN)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Infigen Energy Charts.