Bullboard - Stock Discussion Forum Algonquin Power & Utilities Corp T.AQN

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

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... see more

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Algonquin Power & Utilities Corp > Agrees to Sell Renewable Energy Business T.AQN

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Post by Betteryear2 on Aug 09, 2024 11:04am

Agrees to Sell Renewable Energy Business T.AQN

Transaction Unlocks AQN's Value as a Pure-Play Regulated Utility

Proceeds Expected to Recapitalize Balance Sheet and Position Company for Future Growth

Company to Hold Second Quarter Earnings Conference Call at 8:30 am E.T.

OAKVILLE, ON, Aug. 9, 2024 /CNW/ - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN" or the "Company") announced today that it has entered into a definitive agreement to sell its renewable energy business (excluding hydro) to a wholly-owned subsidiary of LS Power (the "Buyer") for total consideration of up to $2.5 billion. All amounts are shown in United States Dollars.

Algonquin Power & Utilities Corp. Agrees to Sell Renewable Energy Business to LS Power for up to $2.5 Billion (newswire.ca)

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