Spanish power deal hands Inalta to Red Electrica

Red Electrica, a Spanish electricity grid operator, said today it will pay CVC Capital Partners, a UK-based buy-out firm, €247m ($321.5m) for its 75% of Infraestructuras de Alta Tension, a transmission and network owner in Spain.

Red Electrica already owned 25% of Inalta but declined to comment further. CVC was unavailable for comment.

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