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Avangrid to repurchase common shares


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Avangrid to repurchase common shares

Avangrid Inc.plans to repurchase 97,479 common shares under an open market repurchase program.

The program is aimed at maintaining the relative ownership percentageof Iberdrola SA at 81.5%,according to a Form 8-K filed May 4.

J.P. Morgan Securities LLC, on behalf Avangrid, will acquirethe shares from time to time under an agreement.