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Mergers and acquisitions

Iberdrola is buying Caruna at a €5 billion valuation. Why Finns are not happy, and why the anger misses the point

Iberdrola, one of Europe’s largest electricity companies, is buying Caruna, the grid that powers 1.5 million Finns. The deal has reignited Finnish anger over foreign ownership of critical infrastructure, and reopened old wounds about how the grid was sold, priced and taxed in the first place. Read more »

Iberdrola is buying Caruna at a €5 billion valuation. Why Finns are not happy, and why the anger misses the point

Iberdrola, one of Europe’s largest electricity companies, is buying Caruna, the grid that powers 1.5 million Finns. The deal has reignited Finnish anger over foreign ownership of critical infrastructure, and reopened old wounds about how the grid was sold, priced and taxed in the first place. Read more »

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