Iberduero
Sign in to saveIberduero (IBEX 35: IBE) was a Spanish company, dedicated to the generation and distribution of electricity, founded in Bilbao in 1944, as a result of the merger of Hidroeléctrica Ibérica and Saltos del Duero. Listed on the Madrid Stock Exchange, it was one of the leading Spanish companies in the electricity sector, and in 1992 it merged, through a takeover bid, with Hidroeléctrica Española to create Iberdrola, one of the five most important companies in the sector worldwide.
Wikidata facts
- Employees
- 3287
Show 2 more facts
- inception
- 1944-09-30
- dissolved, abolished or demolished date
- 1992-00-00
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Article
7 sectionsContents
- Foundation
- Expansion
- Merger
- Presidents
- References
- Bibliography
- External links
Iberduero (IBEX 35: IBE) was a Spanish company, dedicated to the generation and distribution of electricity, founded in Bilbao in 1944, as a result of the merger of Hidroeléctrica Ibérica and Saltos del Duero. Listed on the Madrid Stock Exchange, it was one of the leading Spanish companies in the electricity sector, and in 1992 it merged, through a takeover bid, with Hidroeléctrica Española to create Iberdrola, one of the five most important companies in the sector worldwide.
== Foundation == The origin of Iberduero is in the company Hidroeléctrica Ibérica, which was founded in Bilbao by the engineer Juan Urrutia Zulueta on July 19, 1901, with capital provided by the BBVA. Initially, this company was dedicated to the hydroelectric exploitation of several waterfalls that it built in the north of Spain, mainly in the Ebro basin. In 1944, Hidroeléctrica Ibérica absorbed Saltos del Duero, which had been founded in 1918 to exploit the hydroelectric exploitation of the Douro River in its section bordering Portugal. The merger was completed on September 30, 1944, giving rise to Iberduero S.L.