Iberdrola to acquire the remaining 18.4% stake in Avangrid for $2.48bn.

Iberdrola, a Spanish multinational electric utility company, agreed to acquire the remaining 18.4% stake in Avangrid, an energy services and delivery company, for $2.48bn. “We are excited about Iberdrola’s continued investment in Avangrid and commitment to the United States. As a wholly-owned member of the Iberdrola Group, we will continue to serve our customers and build our renewable energy assets work to achieve our vision to lead the clean energy transition with a strong commitment to sustainability, community, governance, and our employees,” Pedro Azagra, Avangrid President and CEO.