Iberdrola makes $2.5bn offer to take full control of US subsidiary Avangrid

Spanish electric utility company Iberdrola has launched an offer to acquire the remaining stake in its US subsidiary Avangrid. Avangrid received a non-binding proposal from Iberdrola to buy an 18.4% stake in the company. The Spanish firm owns approximately 81.6% of Avangrid’s issued and outstanding...

https://splash247.com/iberdrola-makes-2-5bn-offer-to-take-full-control-of-us-subsidiary-avangrid/

MOL and Allianz take Volkswagen to court over sinking of Felicity Ace car carrier

The shipowner of the Felicity Ace and its insurer have filed separate lawsuits in Germany against Volkswagen over the blaze and subsequent sinking of the car carrier. Mitsui OSK Lines and Allianz have identified what they believe to have been a faulty battery in a Porsche electric vehicle as the...

https://splash247.com/mol-and-allianz-take-volkswagen-to-court-over-sinking-of-felicity-ace-car-carrier/

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