Gamesa share price rises on back of Iberdrola deal

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Following Iberdrola's announce-ment of major wind project development deals in the US and China last month, Gamesa's share price rose 6% to EUR 18.50, close to a 12 month high of EUR 20.14. Gamesa is Iberdrola's preferred supplier for both wind turbines and completed wind projects. Stock market analysts cite Gamesa takeover rumours circulating last month for the hike in the company's share price. Both of Spain's major wind project owners, Iberdrola and Acciona, deny any intention of taking over Gamesa.

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