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"Iberdrola's Avangrid Cancels $8.3 Billion PNM Resources Takeover Deal"

1 min read
Source: Financial Times
TL;DR

Spanish energy giant Iberdrola has canceled its planned $8.3 billion acquisition of the US-based power utility PNM Resources. This decision marks a significant shift in Iberdrola's expansion strategy within the North American energy market. The reasons behind the termination of the deal have not been detailed in the provided text.

Topics:businessbusiness-and-finance##acquisition#business-and-finance#businessdeal#energysector#iberdrola#pnmresources
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  1. Iberdrola calls off $8.3bn acquisition of US power utility PNM Resources  Financial Times
  2. Iberdrola's Avangrid scraps flagship $8bn acquisition deal  Recharge
  3. Iberdrola Ends $4.3 Billion Deal to Buy US Power Firm PNM  Bloomberg
  4. Iberdrola's Avangrid terminates $8.3 bln deal to buy PNM Resources  Reuters

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