By Adria Calatayud
Avangrid will start a process to delist from the New York Stock Exchange after majority shareholder Iberdrola got regulatory approvals to complete a deal to take full control of the U.S. utility.
Spain's Iberdrola said late Friday that it expected to close on Monday its $2.55 billion deal for the shares in Avangrid it didn't already own.
The transaction received authorization from the U.S. Federal Energy Regulatory Commission and the Maine Public Utilities Commission, as well as from the New York Public Service Commission.
Iberdrola first made a bid to take full ownership in Connecticut-headquartered Avangrid in March and raised its offer in May, as part of a plan to increase exposure in the U.S.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
December 23, 2024 03:11 ET (08:11 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。