Iberdrola explores sale of UK smart metering business to raise £1bn
Spanish utility Iberdrola is considering the sale of its UK smart metering business, aiming to raise £1 billion ($1.27 billion), according to Reuters. The company is working with the Royal Bank of Canada as an adviser on the deal, though the sale process is in its early stages and no deal is guaranteed. The potential sale is part of Iberdrola’s larger £24 billion investment plan for its UK arm, ScottishPower, which includes a focus on…