Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s): AQN | T.AQN.PR.A | T.AQN.PR.D | AGQPF

Utilities Utilities - Diversified

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.

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Algonquin Power & Utilities Corp

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Comment by bmbruceon Sep 11, 2020 4:51am

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Post# 31540996

RE:A new acquisition

COMPANY NEWS BRIEF-Algonquin Power & Utilities Corp. Says Agrees To Acquire 53.5% Of Empresa De Servicios Sanitarios De Los Lagos S.A. 09/11/20 - 04:38 AM ET - Reuters Sept 11 (Reuters) - Algonquin Power & Utilities Corp : * . AGREES TO ACQUIRE INTEREST IN CHILEAN WATER UTILITY ESSAL * TO ACQUIRE 53.5% OF EMPRESA DE SERVICIOS SANITARIOS DE LOS LAGOS S.A. ("ESSAL") * DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO ADJUSTED NET EARNINGS PER SHARE AND ADJUSTED FUNDS FROM OPERATIONS * DEAL WITH EQUITY PURCHASE PRICE OF $92.3 MILLION WHICH REPRESENTS A CURRENT ATTRACTIVE 9.0X MULTIPLE Source text for Eikon: Further company coverage:

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