By Mauro Orru

Iberdrola SA said Tuesday that it has waived initially imposed conditions for the total acquisition of renewable-energy provider Infigen Energy.

The Spanish utility company said it is still committed to acquiring a stake of more than 50% in the company.

Iberdrola said on Monday that it had decided to increase its offer to 89 Australian cents (US$0.61) per security in cash, from AUD0.86 previously.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

June 30, 2020 02:51 ET (06:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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