Summary
SCOTTISH POWER chief Philip Bowman stands to get his second multimillion-pound payout in 18 months if the energy company falls, as expected, to a foreign buyer.
In the latest raid by Spanish companies buying up corporate Britain, it is believed that Iberdrola, Spain's second-largest power company, is set to offer 800p a share, or almost Pounds 12 billion, for ScotPower. If an international auction breaks out, the takeout price for the electricity generation, transmission and supply company could go even higher.See the full content of this document
Extract
Bowman On Target for New Riches
A deal is likely to see Bowm...
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