Iberdrola Buys 80% of Finland's Largest Electricity Distributor for $5.4 Billion

Iberdrola has acquired an 80% stake in Caruna, Finland's largest electricity distributor, in a deal valuing the company at approximately 5 billion euros ($5.4 billion) including debt. This move marks Iberdrola's entry into the Finnish market and reinforces its focus on electricity distribution networks.