C. Rokas - an acquisition target for Iberdrola?

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Iberdrola, which as I wrote in this feature on the world's biggest alternative energy companies here in January 2007, is the largest cap utility with the greatest alternative energy exposure, just might be eyeing up Rokas, as a potential acquisition target.

In Forbes magazine today, Iberdrola's Chairman called them "serious partners" while strategy director, Jose Luis del Valle said in response to a question on whether Iberdrola plans to buy out Rokas' minorities;

"We are not planning to buy any additional shares' at present . . . any such move is dependent on anti-trust approval."

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