# 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.

- Type: Acquisition
- Announced: 2024-05-17
- Where: Orange, Connecticut, United States
- Value: $2.55B
- Status: announced
- Products: electricity, natural gas, renewable energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Iberdrola](https://endata.com/companies/3003.md) (acquirer)
- [AVANGRID](https://endata.com/companies/50651.md) (target)

## Sources

- [iberdrola.com](https://www.iberdrola.com/press-room/news/detail/iberdrola-and-avangrid-reach-an-agreement-to-acquire-100-per-cent-of-the-american-company), 2024-05-17: "The objective of this transaction is to increase exposure to the networks business in the United States at a key moment for Iberdrola."
- [weatherguardwind.com](https://weatherguardwind.com/siemens-gamesa-iberdrola-avangrid-auren-aes/), 2024-05-27: "Iberdrola Acquires Avangrid"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.