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Iberdrola's Avangrid Ends $4.3 Billion Deal With PNM Resources -- Update

Por: MarketWatch Business January 02, 2024

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The Spanish energy company said Tuesday that Avangrid--which is 81.5%-owned by Iberdrola and houses its U.S. renewable-energy assets as well as electric and natural-gas utilities--terminated the deal after conditions for closing it weren't met in the timeframe the parties agreed to. PNM Resources separately said that its board of directors approved an extension that wasn't accepted by Avangrid. PNM Resources Chairman and Chief... + full article



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