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U.S. utility groups Avangrid and PPL hold merger talks - FT

Oct 11 (Reuters) - U.S. utility companies Avangrid Inc and PPL Corporation are in talks to combine their business, the Financial Times reported, citing people familiar with the matter.

The report said https://www.ft.com/content/06dbb574-ec71-11e9-a240-3b065ef5fc55 it was unclear whether a deal would include an investment from Spanish utility Iberdrola, which owns more than 80% of Avangrid.

Avangrid and PPL did not immediately respond to requests for comment. (Reporting by Maria Ponnezhath in Bengaluru, Editing by Rosalba O'Brien)