Iberdola's Avangrid scraps USD 8.3bn deal

Iberdrola has dropped Avangrid’s acquisition of the utility company after more than three years of negotiations. ”We are greatly disappointed”, says dropped suitor.

by MAZ PLECHINGER

The plan to create a US energy colossus with an asset base of around DKK 100bn (USD 14.69bn) has been abandoned.

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Iberdrola plans EUR 75bn investment ahead of 2025
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