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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.

May 9 ·Spain