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June 03, 2023
Home » Iberdrola Broadens Northeast Footprint in $3B UIL Deal
By William Opalka Iberdrola SA announced Thursday it is acquiring UIL Holdings, which has electric and gas distribution companies in Connecticut and Massachusetts, in a cash and stock deal valued at $3 billion. The Spanish energy conglomerate will incorporate UIL’s operations into its U.S. subsidiary, Iberdrola USA. UIL shareholders will...
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