Iberdrola said to decide against Australia's Endeavour offer
Sources say that the major Spanish power company will not be bidding on Australia's electricity distributor Endeavour Energy
BY MANUEL BAIGORRI, BRETT FOLEY & MARIKO ISIKAWA, BLOOMBERG
Iberdrola SA, Spain's biggest power company, has decided against bidding for a majority stake in Australian electricity distributor Endeavour Energy that could be valued at more than AUD 4 billion (USD 3.1 billion), according to people familiar with the matter.
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