Capital markets day and trading update
15 June 2017, London
A trading update was announced to the London Stock Exchange at 7am.
Presentation
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Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola
On 16 October 2018, Drax Group plc (“Drax” or the “Company”) announced that it had entered into a binding conditional agreement to purchase Scottish Power's portfolio of pumped storage, hydro and gas-fired generation for £702 million in cash from Iberdrola (the “Acquisition”).
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Drax today announces that it has reached agreement with Iberdrola on revised terms for the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation (the “Portfolio”) at the previously agreed price of £702 million in cash (the “Acquisition”), subject to Drax shareholder approval.
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