Malaga, August 22nd 2022 - 36 Square Capital has taken a first stake representing total 2.6% of its global portfolio in Iberdrola the Spanish multinational electric utility company.
Iberdrola has a workforce of around 34,000 employees serving around 31.67 million customers. Subsidiaries include Scottish Power (United Kingdom) and a significant part of Avangrid (United States), amongst others.
Iberdrola, is the second biggest producer of wind power by revenue and market capitalisation. It is the world's third electricity utility by market capitalisation.