Iberduero
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.
| Abbreviation | ID |
|---|---|
| Formation | 1944 |
| Founder | Pedro Careaga Basabe |
| Dissolved | 1992 |
| Type | Private limited company |
| Headquarters | Bilbao, Spain |
| Services | Electricity generation and distribution |
| Leader | Manuel Gómez de Pablo |
| Subsidiaries | Electra Aguera, Electra de Burgos, Electra de Extremadura, Electra Popular Vallisoletana, Electra de Salamanca, Electra de Soria, Electra de Logroño, Compañía Eléctrica del Urumea, Fuerzas Eléctricas de Navarra, El Irati, León Industrial, Vitoriana de Electricidad and Saltos del Sil. |
Staff | 1,000+ |
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