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Friday, August 11, 2017

Qatar, accused of terrorism, first shareholder of Iberdrola

JUNE 6, 2017 - 20:40

Qatar Investment Authority, a sovereign fund of Qatar, a country accused of supporting and financing terrorists of the Islamic State, among others, is the main shareholder of Iberdrola, the Spanish power company headed by Ignacio Sánchez Galán. As recorded on Iberdrola's own website, Qatar Investment Authority owns 8.509% of Iberdrola. This sovereign fund of Qatar is the main shareholder of the Spanish power company presided over by Ignacio Sánchez Galán.

Qatar Investment Authority is a sovereign wealth fund of the small but rich country thanks to the Persian Gulf oil. Its neighbors Saudi Arabia, Egypt, the United Arab Emirates and Baréin have severed their diplomatic relations with Qatar and have decided to isolate the small emirate from the Persian Gulf because they accuse it of supporting terrorism, specifically "terrorist organizations" among which The Muslim Brotherhood, the Islamic State (EI) and Al Qaeda.

It is curious that the information provided by Iberdrola on its website does not coincide with the Register of Significant Participations of the National Securities Market Commission. According to the stock exchange supervisor, the latest change in the Qatar Investment Authority in the capital of Iberdrola corresponds to 2011, the year in which this sovereign fund entered the capital of the power company with the purchase of 6.162% of the capital. There are no more communications since.

However, in Iberdrola's own website, that share amounts to 8.509% of the capital, making the Catamarans the main shareholder of Iberdrola. As if to rely on the records of the regulator and supervillar of the Spanish stock markets.

Register of the CNMV on Significant Participations

Iberdrola website on Significant Participations

Iberdrola website on Significant Participations

Part of the receipt of the light, for Qatar

In the end, if the accusations of terrorism by its neighbors are confirmed, Iberdrola's clients would be unknowingly financing Islamic international terrorism. Iberdrola has committed to its shareholders to allocate between 65% and 75% of their dividends. The Iberdrola profit is nourished by the money it charges its customers for the electric bill. Last year Iberdrola earned 2,422 million. If it allocates 65% of the profit to dividend would be 1,574.3 million to distribute. Qatar Investment Authority is going to carry 127 million for this concept. Those 127 million go directly to the state Catharí, which is the sole shareholder of this sovereign fund and is accused of financing and supporting Islamic terrorism that so much death and terror sows around the world.

And coincidences of the electric ones. Qatar Investment Authority is also the benchmark shareholder of Peninsular Capital, a venture capital fund founded by Borja Prado Eulate, President of Endesa .

Link here to read this article  as published on Interconomics.com  

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