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Latham & Watkins Assists AVANGRID in Securing CFIUS Clearance

February 4, 2021
CFIUS concluded that there were no unresolved national security issues with respect to AVANGRID’s merger with PNM Resources.

AVANGRID, Inc. (NYSE: AGR), a clean energy company, has confirmed that it has received clearance from the Committee on Foreign Investment in the United States (CFIUS) after the conclusion of the initial review period in relation to the proposed merger combination with PNM Resources (NYSE: PNM). CFIUS concluded that there were no unresolved national security concerns with respect to the transaction.

Latham & Watkins LLP represents AVANGRID on the CFIUS clearance process with a team led by Washington, D.C. partner Les Carnegie, with associates Zach Eddington and Gemma Donofrio. The transaction is led by New York partner David Kurzweil and Washington, D.C. partner David Schwartz.