Iberdrola makes $2.5bn offer to take full control of US subsidiary Avangrid

Spanish electric utility company Iberdrola has launched an offer to acquire the remaining stake in its US subsidiary Avangrid. Avangrid received a non-binding proposal from Iberdrola to buy an 18.4% stake in the company. The Spanish firm owns approximately 81.6% of Avangrid’s issued and outstanding shares of common stock. Iberdrola offered to buy the remaining …

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