MADRID, Spain — Spain's stock market supervisors Wednesday suspended trading in shares of Spanish utility Iberdrola SA and its unit Iberdrola Renovables SA, before a corporate announcement.
The CNMV, as the market supervisor is also known, said in a statement it will lift the suspensions at 0830 GMT.
British newspaper the Financial Times reported earlier Wednesday that Electricite de France SA and Spanish construction giant Actividades de Construccion y Servicios SA have held preliminary talks about possibly making a joint bid for Iberdrola.
However, ACS said Wednesday it did not have an agreement with EDF to launch a bid for Iberdrola.
"ACS has not reached any agreement with EDF to formulate a takeover offer for Iberdrola's share capital," ACS said in a filing with Spanish regulators.
There was no comment immediately available from either of the other two companies involved.
Before the suspension, Iberdrola's shares were indicated to open up 5 percent. The stock closed Tuesday at euro9.23 (US$13.64).
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