Iberdrola to acquire remaining 18.4% of Avangrid for $2.55B

Iberdrola signed an agreement to acquire the 18.4% minority stake in its U.S. subsidiary Avangrid for $35.75 per share, totaling approximately $2.551 billion. The transaction is subject to regulatory approvals.

“The objective of this transaction is to increase exposure to the networks business in the United States at a key moment for Iberdrola.”iberdrola.com

• 2 sources
• iberdrola.comIberdrola and Avangrid reach an agreement to acquire 100% of the American company - IberdrolaIBERDROLA CORPORATIVEMay 17, 2024
• weatherguardwind.comSiemens Gamesa Sells India Unit, Iberdrola Acquires AvangridWeather GuardMay 27, 2024

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