Secret Memo Shows Iberdrola's Hand

Daily MailNovember 24, 2006

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Summary


IBERDROLA has offered Scottish Power boss Philip Bowman a job if its takeover goes ahead, an internal document seen by the Daily Mail reveals.

The Spanish utility also intends to keep Scottish Power intact rather than break it up and it will keep a corporate seat in Glasgow to quell local sensitivities about a foreign takeover.

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Extract


Secret Memo Shows Iberdrola's Hand

Iberdrola is in the final stages of negotiations aimed at a Pounds 12bn takeover of Sco...

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