Avangrid — multi-GW transmission, renewables, offshore wind, and regulated utility holdings (NY/CT/ME/MA)
Iberdrola announces tender offer for remaining 18.4% of Avangrid (~$2.6B). Iberdrola attempted to consolidate full ownership of US subsidiary. Tender did not proceed; Iberdrola later went private with Avangrid via $2.55B definitive agreement (May 2024).
$2.60B
Deal Value
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Avangrid public minority shareholders
- Buyer / Financier
- Iberdrola (already 81.6% holder)
- Deal Value
- ~$2.6B tender offer (terminated; later completed via $2.55B definitive merger May 2024)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Utility Dive
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