REE considers acquisitions for international expansion (translated)
Red Electrica de Espana (REE), the listed Spanish electricity grid operator, is looking at international acquisition opportunities, especially in Latin America, Expansion reported. The utility has up to EUR 600m set aside for international development including acquisitions, REE chairman Jose Folgado was cited as saying in the Spanish-language report.
Targets will need to operate in countries where there is “regulatory stability”, Folgado said, making special mention of Chile, Colombia, Mexico, Brazil and Peru.
Expansion