Iberdrola, S.A. (1IBE.MI)
- Zacks
Avangrid (AGR) to be Acquired by Iberdrola in an All-Cash Deal
Avangrid (AGR) to be acquired by Iberdrola in an all-cash transaction, expected to close in fourth-quarter 2024. AGR expects to produce clean energy post-acquisition.
- Zacks
Is California Water Service Group (CWT) Stock Outpacing Its Utilities Peers This Year?
Here is how California Water Service Group (CWT) and Iberdrola S.A. (IBDRY) have performed compared to their sector so far this year.
- Reuters
Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal
NEW YORK (Reuters) -Spanish utility Iberdrola has agreed to acquire the remaining 18.4% stake in Avangrid that it does not already own, the U.S. subsidiary said on Friday, in an all-cash deal worth about $2.6 billion. The agreement would come after Avangrid abandoned in January an $8.3 billion deal to acquire U.S. competitor PNM Resources because it failed to secure approval from New Mexico's utility regulator more than three years after first announcing the plan. Iberdrola will pay $35.75 per share for the outstanding Avangrid stock, with the transaction expected to close in the fourth quarter, Avangrid said in its statement.
