Macquarie Unit to Acquire Spanish Renewable Energy Firm's UK Business
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Macquarie Group's asset finance division is set to acquire Iberdrola's UK smart meter business, SP Smart Meters Asset, for £900 million. This acquisition will add 2.7 million meters to Macquarie's UK portfolio and is expected to finalize in Q3, pending regulatory approvals. Additionally, Macquarie will enter a long-term rental agreement with Iberdrola's Scottish Power unit for smart meter asset services.
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