IFN infragreen group limited

July 24 (Reuters) - Spain's Iberdrola IBE.MC said on Friday it...

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    July 24 (Reuters) - Spain's Iberdrola IBE.MC said on Friday it received further acceptances from shareholders for its takeover of Australian wind and solar firm Infigen Energy (IFN) , meeting a condition that would see the offer price increase by 3 cents.

    With the increase announced earlier this week conditional on acceptances of a further 13%, Infigen shareholders will now receive A$0.92 per share from the Spanish utility firm hoping to finalise the deal after a month-long battle with Philippine conglomerate Ayala Corp AC.PS .

    The Spanish firm's twice-improve improved offer with the backing of Infigen now stands at A$893.1 million ($634.28 million) and comes around a week after Ayala said it would not improve its bid.

    Iberdrola said it now holds 38.06% of Infigen following the 13.5% of acceptances received on Thursday. ($1 = 1.4081 Australian dollars)

 
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(20min delay)
Last
$1.19
Change
0.005(0.42%)
Mkt cap ! $160.8M
Open High Low Value Volume
$1.19 $1.20 $1.19 $17.10K 14.30K

Buyers (Bids)

No. Vol. Price($)
1 16373 $1.19
 

Sellers (Offers)

Price($) Vol. No.
$1.20 9726 1
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Last trade - 15.25pm 30/07/2025 (20 minute delay) ?
IFN (ASX) Chart
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