The stake is worth about 380 million euros ($562 million) at Galp's current share price of 15.78 euros.
Iberdrola, S.A. is one of the leading private electric utilities worldwide and the largest renewable energy operator in the world. Its services reach 16 million customers, over nine million in Spain. Its operations include generation, transmission, distribution and marketing of electricity and natural gas.
Iberdrola is a 100-year-old company based in Bilbao devoted to the national and international energy sector. As of March 2006, it had an installed capacity of 3914 megawatts from renewable sources of which 3598 megawatts come from wind power.
The face of USA's First Lady Melania Trump after her handshake with Russian President Putin has received a lot of attention in social media
Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner
The Ukrainian government refuses to abode by its obligations, rejects a peaceful resolution of the conflict, and disregards its own people, the president said