(ADPnews) - Nov 22, 2010 - Spanish power utility Iberdrola (MCE:IBE) has acquired 150,000 shares in wind energy company Gamesa (MCE:GAM) for a total EUR 792,000 (USD 1.089m) or at an average price of EUR 5.28 apiece, under its policy to strengthen its presence in the green energy firm, news portal Invertia said today.
Iberdrola's current stake in the wind energy company is 16.45%.
Iberdrola said on October 20 it was likely to continue acquiring shares in Gamesa. The utility, however, does not plan to exceed the 30% threshold in Gamesa.
Gamesa traded today at EUR 5.27, down 0.36%, at 1045 local time on the Madrid Stock Exchange today.