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ContourGlobal in talks to buy Iberdrola's solar power plant

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(Reuters) – Power generator ContourGlobal Plc <GLO.L> confirmed on Wednesday that it has been in talks with Iberdrola SA <IBE.MC> over a potential deal to buy the Milan-listed company’s solar power plant in Spain.

ContourGlobal’s statement comes a day after British power producer Drax <DRX.L> announced a deal to buy a group of Scottish gas, hydro and pumped storage power plants from Iberdrola for 702 million pounds.

(Reporting by Muvija M in Bengaluru; Editing by Vyas Mohan)

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