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28 May 2012

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Spain's Iberdrola pumps E400m into RE subsidiary

Bilbao-based energy and communications giant Iberdrola has injected E400m into its real estate arm Iberdrola Inmobiliaria in a capital increase that will enable the firm to meet its obligations in upcoming projects, such as the construction of the Portal Firal tower in Barcelona as well as office, shopping centre, warehouse and residential projects across Spain.

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