(Reuters) - Iberdrola SA (MC:IBE) has agreed to sell a stake worth more than 1 billion pounds in its UK energy business ScottishPower's East Anglia wind farm to Macquarie Group Ltd's (AX:MQG) Green Investment Group subsidiary, the Financial Times reported on Monday.
Iberdrola will sell to the group slightly less than 50% of the wind farm located off the Suffolk coast and currently under construction, the FT said. The deal will be funded using third party debt, the report added https://on.ft.com/2H15yqq.
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Iberdrola, Macquarie and Green Investment Group did not respond immediately to requests for comment from Reuters.