Iberdrola secures full ownership of Avangrid in strategic $2.5bn acquisition
Iberdrola has finalized a pivotal agreement to purchase the remaining 18.4% stake in its U.S. subsidiary, Avangrid, consolidating full ownership of the company. This strategic acquisition, valued at $35.75 per share, translates into a total investment of approximately $2.551 billion (about €2.348 billion, at a 1.0866 EUR/USD exchange rate). The transaction was unanimously approved by […]