skip to main content

With their scale, complexity and regulatory overlay, infrastructure transactions require highly specialized legal counsel. We offer deep knowledge of the sector's unique dynamics and an unmatched ability to guide clients through multifaceted deals and financings involving energy, transportation, digital and telecommunications, water & waste and other important infrastructure assets.

Avangrid to Be Acquired by Iberdrola in $2.6 Billion Deal

Paul, Weiss is advising the special committee of Avangrid, a leading sustainable energy company and U.S. subsidiary of Iberdrola, S.A., in the all-cash $2.6 billion sale of the company’s remaining shares to Iberdrola, Europe’s largest electricity utility company.

Under the terms of the deal, Iberdrola will acquire Avangrid’s remaining 18.4% of shares that it does not currently own for $35.75 per share. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions and regulatory approvals.

The Paul, Weiss team is led by corporate partners Jeffrey Marell, Ravi Purohit and Steven Williams, and includes counsel Nathan Mitchell; executive compensation partner Andrea Wahlquist Brown and counsel Christopher Gonnella; litigation partner Andre Bouchard; and antitrust counsel Marta Kelly.

© 2024 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy