RE:RE:RE:Polaris Infrastructure acquires union energythis is a good deal and had to be done for several reasons
first, the market is giving therm zero credit for anything in nicaragua right now and that wont change anytime soon so diversifying out of nicaragua is key
second, the company has a good dividend coming from nicaragua and there is no point investing more of its cash balance there for the reason mentioned above... thus they had to find somewhere to go and leverage their current expertise and i think these projects in peru fit the bill
third, this will eventually diversify the company among countries and projects which was one of the knocks against polaris
glta