E.ON, Germany's largest power company, is the most likely bidder for Iberdrola, Spain's second biggest energy provider, following RWE's €3bn ($2.814bn) offer for Hidroelectrica  del Cantabrica, according to bankers close to the deal.

Spain's utility sector has been thrown into turmoil following the collapse of Endesa's proposed €14bn takeover of Iberdrola. The deal fell apart on Monday evening.

James Rossiter

Endesa

Iberdrola

E.ON

JPMorgan

Morgan Stanley

Electricité de France

Goldman Sachs

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E.ON in driving seat for Iberdrola

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