Power and Utilities
Iberdrola Acquires Avangrid Remaining 18.4% Stake
Iberdrola completed its acquisition of the remaining 18.4% public stake in U.S. subsidiary Avangrid for $2.6 billion in December 2024, taking Avangrid private. The deal strengthened Iberdrola's commitment to the U.S. regulated utility business serving 3.3 million customers in New York and New England.