Avangrid Reveals Receipt Of FERC Approval Of Iberdrola's Acquisition Of Remaining 18.4% Of Issued And Outstanding Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Avangrid has received FERC approval for Iberdrola's acquisition of the remaining 18.4% of its shares. The transaction is expected to close in Q4 2024, pending further approvals.
September 05, 2024 | 9:04 pm
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Avangrid has received FERC approval for Iberdrola's acquisition of the remaining 18.4% of its shares. The deal is expected to close in Q4 2024, pending further approvals.
The FERC approval is a significant step towards the completion of Iberdrola's acquisition of Avangrid's remaining shares. This regulatory approval is crucial for the transaction, which is expected to close in Q4 2024. The news is likely to positively impact Avangrid's stock in the short term as it moves closer to finalizing the acquisition.
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