classic 'white elephant' acquisition
Acquisition of Colombian Regulated Utility Business for $1.05 Billion and Concurrent $315 Million Equity Financing
if you look real hard you will find this tiny tidbit in the annual report
EBSA reslts for 2022 - Sales and Adjusted EBITDA of $64 million and $27 million, respectively, increased 9% or $5 million and 13% or $3 million compared to the same quarter of 2021, largely due to rate escalations,
no mention of whether this white elephant was above water?
What a great return on investment eh? pure genius or ? -