Avangrid — US regulated electric/gas utility (NY/CT/ME/MA) + offshore wind/onshore renewables
Iberdrola's take-private of remaining 18.4% Avangrid minority stake at $35.75/share (11.4% premium to March 6, 2024 unaffected price). Total cash outlay ~$2.5B (€2.35B). Closed December 23, 2024; Avangrid delisted from NYSE Dec 31, 2024. Avangrid retained Connecticut HQ. Premium to minority shareholders ~$300M. CT AG petitioned state review.
$2.50B
Deal Value
8,000MW
Capacity
Hybrid
Technology
CT, MA, ME, NY
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Avangrid public minority shareholders (18.4%)
- Buyer / Financier
- Iberdrola
- Deal Value
- ~$2.5B (€2.35B)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Iberdrola
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