Algonquin Power Agrees To Sell ~64% Ownership Stake In Suralis For $126.5M, Plus Earnout Opportunity Of Up To $1.5M
Agreement to simplify geographic footprintTransaction expected to close within the next two quartersAlgonquin Power & Utilities Corp. (NYSE:AQN) ("AQN", "Algonquin" or the "Company") today
Algonquin Power is selling most of its stake in a company called Suralis for $126.5 million to make its business simpler and easier to manage. When a company sells off pieces, it can mean they're focusing on what works best, so watch if this helps them run smoother and make more money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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