Iberdrola to Fully Acquire Avangrid, Delist Shares

Iberdrola (ES:IBE) has released an update.

Iberdrola is set to fully acquire Avangrid’s shares, finalizing the merger on December 23, 2024, following approvals from key U.S. regulatory bodies. This move will result in Avangrid’s delisting from the New York Stock Exchange, aligning with Iberdrola’s strategy to strengthen its presence in high-potential investment markets. The merger underscores Iberdrola’s commitment to expanding its network business and increasing its investments.

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