Deals
WGL Weighs Sale After Interest From Spain’s Iberdrola
- Companies said to hold preliminary talks, no deal reached
- Natural-gas providers became prime targets in recent years
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WGL Holdings Inc., the parent of natural-gas utility Washington Gas, is weighing options including a sale after receiving takeover interest from Spain’s Iberdrola SA, according to people familiar with the matter.
The Washington D.C.-based company has held preliminary talks with Iberdrola, said the people, who asked not to be identified because the matter is not public. No agreement has been reached and no deal is imminent, they said. WGL, which is working with financial advisers, may also decide to remain independent, they said.