MADRID, July 30 (Reuters) - Spanish utility Iberdrola on Wednesday said it had reached an agreement to sellits 25 percent stake in Bahia Bizkaia Electricidad (BBE) to BP for 111 million euros ($148.72 million).
BP already owned a 50 percent stake in BBE, a power plantlocated in northern Spain.($1 = 0.7464 Euros) (Reporting by Tracy Rucinski, Editing by Julien Toyer)