Iberdrola launches an offer to acquire 18.4% of its US subsidiary Avangrid for 2,280 million. The objective of this transaction is to increase exposure to the networks business in the United States.
Based in Connecticut, the company currently has 44,000 million dollars (40,391 million euros) in assets and operations in 24 US states. Through its networking business, it owns and operates eight electric and natural gas companies serving more than 3.3 million customers.